MIFID Investment Firms will need to use a new form to notify the FCA of Management Body changes for Non-SMF Directors

From 9 December 2019, MIFID Investment Firms and Optional Exempt Firms will need to use a new form to submit information to the Financial Conduct Authority, when appointing Non-SMF Directors to, or withdrawing them from, their Management Body.

If a Firm’s Management Body changes, the Firm will need to complete the form ‘Notification Procedures for changes to the Management Body for non-SMF Directors’ which can be found under FCA Handbook Section – SUP 15 Annex 14R after 9 December 2019.

The form should be emailed to the FCA via NonSMFNotification@fca.org.uk .

From Q1 2020, Firms will be able to submit the form via Connect, the FCA’s online platform.

Further information:
To read more, please follow this link:

FCA Webpage
https://www.fca.org.uk/news/news-stories/mifid-investment-firms-will-need-use-new-form-notify-fca-management-body-changes-non-smf-directors

Form
https://www.handbook.fca.org.uk/form/sup/SUP_15_Annex_14R_Notification_procedures_for_changes_to_the_management_body_non-SMF_directors_20191209.pdf?date=2104-01-01

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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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MIFID Investment Firms will need to use a new form to notify the Financial Conduct Authority ('FCA') of Management Body changes for Non-SMF Directors

MIFID Investment Firms will need to use a new form to notify the Financial Conduct Authority ('FCA') of Management Body changes for Non-SMF Directors