An authorised person may issue a certificate to a person under this section only if the authorised person is satisfied that the person is a fit and proper person to perform the function to which the certificate relates.
In deciding whether the person is a fit and proper person to perform the function, the ... authorised person must have regard, in particular, to whether the person—
required by general rules made by the appropriate regulator in relation to employees performing functions of that kind.
In subsection (2) "the appropriate regulator" means—
A certificate issued by an authorised person to a person under this section must—
A certificate issued under this section is valid for a period of 12 months beginning with the day on which it is issued.
If, after having considered whether a person is a fit and proper person to perform a specified function, an authorised person decides not to issue a certificate to the person under this section, the authorised person must give the person a notice in writing stating—
An authorised person must maintain a record of every employee who has a valid certificate issued by it under this section.
Expressions used in this section and in section 63E have the same meaning in this section as they have in that section.