FSA extends approved persons regime
Directors and senior managers need to "understand their regulatory obligations" says the FSA
The Financial Services Authority (FSA) has confirmed an extension of the approved persons regime for those that perform a ‘significant influence' function at firms.
In its supervisory enhancement programme the FSA stated that it would place greater emphasis on the role of senior management, including non-executive directors (NEDs).
This policy statement sets out changes to the approved persons regime which improves the FSA's approach to ‘significant influence' functions by ensuring that those
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