PART 9C

Prudential regulation of FCA investment firms

Control of managers etc of non-authorised parent undertakings

Managers of non-authorised parent undertakings
143R
A non-authorised parent undertaking of an FCA investment firm must take reasonable care to ensure that members of its management body—
a
are of sufficiently good repute, and
b
possess sufficient knowledge, skills and experience to perform their duties effectively.
Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)