10.—(1) A person shall not manage a scheme unless he is fit to do so.
(2) A person is not fit to manage a scheme unless—
(a)he is of integrity and good character;
(b)having regard to the size of the scheme and the statement of purpose—
(i)he has the qualifications, skills and experience necessary to manage the scheme; and
(ii)he is physically and mentally fit to do so; and
(c)full and satisfactory information is available in relation to him in respect of each of the matters specified in Schedule 2.