Tip of the Week

Declining a Senior Management Function Application

By 13th July 2020 No Comments

In cases where the Financial Conduct Authority (FCA) believe that an individual is not fit and proper they can decline an application from them to perform a Senior Management Function.

Please note – satisfying the definition of ‘fit and proper’ includes being able to demonstrate the individual’s:

  • Honesty
  • Integrity
  • Reputation