The FCA and the PRA set out proposed amendments to four forms used by firms and individuals relating to regulatory approval for certain roles.
This publication also details changes being made to other forms with immediate effect. These forms are made under the regulators powers of direction, meaning there is no requirement to consult on these changes.
Why are we issuing this Consultation Paper?
The FCA and the PRA are introducing a new accountability regime for deposit-takers, insurers and PRA-designated investment firms.
As part of implementing the new regime, the regulators have consulted on amendments to a series of forms used by firms and individuals relating to regulatory approval for certain roles.
During this exercise, we received feedback regarding the necessity of some of the questions asked in these forms.
Reflecting on that feedback, this paper sets out proposed amendments to two forms for the new regime and to two forms used in the current Approved Persons Regimes.
Who is this consultation aimed at?
This paper will be of interest to all FCA and PRA-authorised firms and individual candidates for approval as approved persons, notified non-executive directors and key function holders.
What are the next steps?
You should send us your comments by 19 October 2015 to both regulators at the following email addresses: