(1) An application for registration as a securitisation repository shall contain information regarding the applicant’s internal corporate governance policies and the procedures and terms of reference which govern its senior management, including the board, its non-executive members and, where established, committees.

(2) The information referred to in paragraph 1 shall describe the selection process, appointment, performance evaluation and removal of senior management.

(3) Where the applicant adheres to a recognised corporate governance code of conduct, the application for registration as a securitisation repository shall identify the code and provide an explanation for any situations where the applicant deviates from that code.