FCA statement on proposals to introduce a public register
The Financial Conduct Authority (FCA) has updated its website referring to feedback on the value of maintaining a central public record of certification employees and other important individuals in FCA regulated firms who would no longer appear on the Register (this includes non-executive directors, financial advisers, traders and portfolio mangers) under the FCA’s proposals to extend the Senior Mangers and Certification Regime to most Regulated Firms. As consequence, only the most senior individuals with firms will appear on the FCA Financial Services Register. (“the FS Register”)
Consequently, the Regulator advises that it intends to consult on proposal by Summer 2018.
To read more please follow this link: FCA statement on proposals to introduce a public register
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Please Note: This publication is not intended to be a comprehensive review of all developments in the law and practice, or to cover all aspects of those referred to. Readers should take legal advice before applying the information contained in this publication to specific issues or transactions.
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