(1) This Rule applies, subject to (2) and (3), to:
(a) an Authorised Person; or
(b) a Person who is, or is proposing to become, a Controller specified in Rule 8.8.2.
(2) This Chapter does not apply to a Representative Office or a Person who is a Controller of such a Representative Office.
(3) A Credit Rating Agency must comply with the requirements in this Rule as if it were a non-ADGM established company.