Document ID: chunk:federal_register_of_legislation:F2024L00283:reg:8
Version: federal_register_of_legislation:F2024L00283
Segment Type: reg
Provision Reference: reg 8
Character Range: 9269–10205

8  Prescribed responsibilities for accountable entities that are RSE licensees
 (1) For the purposes of paragraph 10(2)(b) of the Act, each of the responsibilities listed in subsection (2) are also prescribed in relation to an RSE licensee.
 (2) Each of the following responsibilities, relating to an RSE licensee, are prescribed:
 (a) senior executive responsibility for management of the RSE licensee's member administration operations;
 (b) senior executive responsibility for management of the RSE licensee's investment function;
 (c) senior executive responsibility for management of the RSE licensee's financial advice service;
 (d) senior executive responsibility for management of the RSE licensee's insurance offerings.
 (3) For the purposes of subsection (2), a person does not have senior executive responsibility for management of an activity or function merely because the person is carrying out the activity or function.