(1) An Authorised Person may, subject to (2), appoint an individual who is not an Approved Person or a Recognised Person to carry out the functions of an Approved Person or a Recognised Person, as applicable, where the following conditions are met:
(a) the absence of the Approved Person or Recognised Person is temporary or reasonably unforeseen;
(b) the functions are carried out for a maximum of twelve weeks in any consecutive twelve months; and
(c) the Authorised Person has assessed that the individual has the relevant skills and experience to carry out these functions.
(2) An Authorised Person may not appoint under (1) an individual to carry out the Controlled Functions of a Licensed Director or Licensed Partner.
(3) The Authorised Person must take reasonable steps to ensure that the individual complies with all the Rules applicable to Approved Persons or Recognised Persons, as applicable.
(4) Where an individual is appointed as an Approved Person or Recognised Person under this Rule, the Authorised Person must notify the Regulator in writing of the name and contact details of the individual appointed.