An Authorised Person must apportion significant responsibilities among its senior management and maintain such apportionment in such a way that:
(a) it is appropriate with regard to:
(i) the business and affairs of the Authorised Person; and
(ii) the ability and qualifications of the responsible individuals;
(b) it is clear who is responsible for which matters; and
(c) the business and affairs of the Authorised Person can be adequately monitored and controlled by the Authorised Person's Governing Body and senior management.