The Employment Appeal Tribunal has given a rare judgment relating to whether an approved person was "fit and proper" within the meaning of the FCA handbook. This judgment is a reminder of the strategic considerations which arise when an employer has to ask its approved persons, senior managers or certification function role holders to give evidence in litigation.
From Asset Managers to Car Salesmen the FCA has published its proposals to extend the senior managers and certification regimes to all FCA regulated businesses
After some delay, the Financial Conduct Authority (FCA) has published a consultation paper on its proposals to extend the senior managers and certification regimes to all FCA regulated firms.
Charlotte Hogg's resignation provides a useful reminder to all employees working in the financial services sector about the importance of providing accurate and complete information. This is particularly important when applying for approved person status or approval under the senior managers and certification regimes.