This is a technical consultation paper (CP) which we are publishing jointly with the PRA.
This CP follows our consultation in July, which proposed changes to the way individuals working for UK banks, building societies, credit unions and PRA-designated investment firms are assessed and held accountable for the roles they perform. It is a technical CP setting out proposals on transitional arrangements for implementing the regime, new forms to support the regime, and consequential changes to our Handbook.
This consultation is relevant to all firms authorised under the Financial Services and Markets Act (FSMA).
The PRA is seeking feedback on:
We are seeking feedback on:
Please send your responses to both regulators at the following addresses: firstname.lastname@example.org and CP28_14@bankofengland.gsi.gov.uk. The regulators will share responses with each other and publicly, unless you specifically ask for them to remain confidential. Responses should be received by 27 February 2015.
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