An individual shall only be approved to carry on one or more Recognised Functions if the Authorised Person is satisfied that the individual is fit and proper to be a Recognised Person. In making this assessment, the Authorised Person must consider:
(a) the individual's integrity;
(b) the individual's competence and capability;
(c) the individual's financial soundness;
(d) the individual's proposed role within the Authorised Person; and
(e) any other relevant matters.