An overview of the controlled functions that may be performed by approved persons working for, or on behalf of, FCA-authorised firms.
Please note that, following the extension of the SM&CR to FCA solo-regulated firms in December 2019, this practice note has been given a law stated date, which means it is no longer maintained. For information on the FCA-designated senior management functions under the SM&CR, see Practice note, Senior management functions and prescribed responsibilities under the SM&CR.