Q&As

Do you have any simplified guidance as to how the Financial Conduct Authority defines a ‘Material Risk Taker’ who could cause significant harm (classified as a Certified Person) under the Senior Managers Certification Regime?

read titleRead full title
Published on LexisPSL on 15/08/2017

The following Financial Services Q&A provides comprehensive and up to date legal information covering:

  • Do you have any simplified guidance as to how the Financial Conduct Authority defines a ‘Material Risk Taker’ who could cause significant harm (classified as a Certified Person) under the Senior Managers Certification Regime?

The Financial Conduct Authority has specified nine significant-harm functions and expects firms to ensure that any staff performing one of the nine specified functions has a valid certificate issued by the firm to perform that function. One of the specified significant-harm functions listed in SYSC 5.2.30R is ‘m

Related documents:

Popular documents