63D.— (1) A competent authority, other than a State competent authority, shall make arrangements to ensure that—

(a) its supervisory functions are exercised independently of any of its other functions which do not relate to disciplinary matters,

(b) sensitive information relating to its supervisory functions is appropriately handled within the competent authority,

(c) it employs only persons with appropriate qualifications, integrity and professional skills to carry out the supervisory functions and maintain high professional standards, F138[including standards of confidentiality and data protection and standards addressing conflicts of interest], and

(d) a contravention of a requirement imposed by or under this Act by a designated person it is responsible for supervising renders that person liable to effective, proportionate and dissuasive disciplinary measures under its rules.

(2) A competent authority, other than a State competent authority, shall—

(a) provide adequate resources to carry out the supervisory functions, and

(b) appoint a person to monitor and manage the competent authority’s compliance with its duties under this Act.

(3) The person appointed under subsection (2)(b) shall be responsible—

(a) for liaison with—

(i) another competent authority, and

(ii) any Member State competent authority (within the meaning of section 63B),

(b) for ensuring that the competent authority responds fully and as soon as possible to any request from an authority referred to in subsection (a)(i) or (ii) for information about any person it supervises.]