(1) A relevant recognised body may issue a certificate to a person under this section in relation to a function only if the body is satisfied that the person is a fit and proper person to perform the function.
(2) In deciding that question the body must have regard, among other things, to whether the person -
(a) has obtained a specified qualification,
(b) has undergone, or is undergoing, specified training,
(c) possesses a specified level of competence, or
(d) has specified personal characteristics.
(3) In subsection (2), "specified" means specified in rules made by the appropriate regulator.
(4) A certificate issued by a relevant recognised body to a person under this section must -
(a) state that the body is satisfied that the person is a fit and proper person to perform the function to which the certificate relates, and
(b) set out the aspects of the body's affairs in which the person will be involved in performing the function.
(5) A certificate issued under this section is valid
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