(1) An Authorised Person must, subject to (2), make the following appointments and ensure that they are held by one or more Approved Persons or Recognised Persons at all times:
(a) Senior Executive Officer;
(b) Finance Officer;
(c) Compliance Officer; and
(d) Money Laundering Reporting Officer.
(2) An Authorised Person which is a Credit Rating Agency:
(a) need not make the appointments referred to in (1)(b) and (d); and
(b) must ensure that the appointments referred to in (1)(a) and (c) are held by separate persons at all times.