Enter to open, tab to navigate, enter to select
Approved persons regime: Intensive supervision of SIF-holders
Practical Law UK Practice Note 9-523-6239 (Approx. 10 pages)
Approved persons regime: Intensive supervision of SIF-holders
| Law stated as at 06 Mar 2016 |
An overview of the more intensive approach taken towards the approval and supervision of persons performing significant influence functions (SIFs) within FCA-authorised firms and PRA-authorised firms.
The content of this note is largely historical and has been superseded by the introduction of the senior managers regime (SMR) for banks and the senior insurance managers regime (SIMR) for insurers in 2016. It has, therefore, been given a law stated date of 6 March 2016. For information on the SMR, see Practice note, Hot topics: Senior managers regime (SMR) for banks and PRA-designated investment firms and the suite of notes related to the SMR. For information on the SIMR, see Practice note, Hot topics: Senior insurance managers regime (SIMR) for insurers.