The composition of the management body of a [UK RIE] must reflect an adequately broad range of experience.
The management body must possess adequate collective knowledge, skills and experience in order to understand the [UK RIE's] activities and main risks.
oversee and monitor decision making.
take appropriate steps to address any deficiencies found as a result of the monitoring under paragraph (b).
notify the FCA of the identity of all the members of its management body.
A [UK RIE] and, if it has a nomination committee, its nomination committee must engage a broad set of qualities and competences when recruiting persons to the management body, and for that purpose have a policy promoting diversity on the management body.
The number of directorships a member of the management body can hold at the same time must take into account individual circumstances and the nature, scale and complexity of the [UK RIE's] activities.
the management body must have a nomination committee unless it is prevented by law from selecting and appointing its own members.
any directorship in an organisation which does not pursue predominantly commercial objectives is not counted.
be able to use any forms of resource it deems appropriate, including external advice.
in a manner that is detrimental to the interests of the [UK RIE] as a whole.
engage a broad set of qualities and competences, and for that purpose have a policy promoting diversity on the management body.
In sub-paragraph (1), "significant" in relation to a [UK RIE] means significant in terms of the size and internal organisation of the [UK RIE] and the nature, scale and complexity of the [UK RIE's] activities.
The FCA will assess an application under section 299AB of the Act for a person on a management body to hold an additional non-executive directorship on a case-by-case basis, having regard to the person's ability to commit sufficient time to perform their functions on the management body and the complexity, nature and scale of operations of the UK RIE.