• Lesson

Approved Persons Regime Training

  • 1h 15m
  • Editable
  • Assessment

This module covers what an Approved Person is and what their role in an organisation is with clear focus on when and how this role can be completed. It also covers an overview of the changes that came into place in late 2018. On the 9th December 2019 SM&CR is extended to all firms that are regulated only by the FCA. The Approved Persons Regime will be replaced by SM&CR on that date.
Learning Outcomes for this module include:
Why Approved Persons are necessary and what their duties are
Factors that are considered during the approval process
The process of becoming an Approved Person
The duties and risks of being an Approved Person
How to keep the FCA informed of any changes to a firm’s Approved Persons

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