Regulation 10 Fitness of manager
(1)
A person shall not manage a scheme unless he is fit to do so.
(2)
A person is not fit to manage a scheme unless—
(a)
he is of integrity and good character;
(b)
having regard to the size of the scheme and the statement of purpose—
(i)
he has the qualifications, skills and experience necessary to manage the scheme; and
(ii)
he is physically and mentally fit to do so; and
(c)
full and satisfactory information is available in relation to him in respect of each of the matters specified in Schedule 2.