(1) A relevant recognised body may apply for approval from the appropriate regulator under section 309G for a person to perform a designated senior management function in relation to the carrying on of the body's activities.
(2) The application must be made in such manner as the appropriate regulator may direct.
(3) The application must contain -
(a) a statement setting out the aspects of the applicant's affairs which it is intended that the person will be responsible for managing in performing the function, and
(b) such other information as the appropriate regulator may reasonably require.
(4) A statement provided under subsection (3)(a) is known as a "statement of responsibilities".
(5) At any time after the application is received, and before it is determined, the appropriate regulator may require the applicant to provide it with such further information as it reasonably considers necessary to enable it to determine the application.
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