GEN 11.7 GEN 11.7 Dismissal or resignation of an Authorised IndividualDerived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
Authorised Firmmust request the withdrawal of an Authorised Individualstatus within seven days of the Authorised Individualceasing to be employed by the Authorised Firmto perform a Licensed Function.
In requesting the withdrawal of an
Authorised Individualstatus, the Authorised Firmmust submit the appropriate form in AFN, including details of any circumstances where the Authorised Firmmay consider that the individual is no longer fit and proper.Derived from Notice of Amendments to Legislation April 2011 [VER27/02-11]
Authorised Individualis dismissed or requested to resign, a statement of the reason, or reasons, for the dismissal or resignation must be given to the DFSAby the Authorised Firm.
Authorised Individualwas acting as a trustee, the Trust Service Providermust confirm to the DFSAin writing that a new trustee has been appointed in place of the trustee in question.