(1) An Authorised Person must ensure, as far as reasonably practical, that its Employees are:
(a) fit and proper;
(b) competent and capable of performing the functions which are to be assigned to those Employees; and
(c) trained in the requirements of the Regulations and Rules.
(2) An Authorised Person must establish and maintain systems and controls to comply with (1). An Authorised Person must be able to demonstrate that it has complied with these requirements through appropriate measures, including the maintenance of relevant records.