Version Superseded: 13/09/2018
Point in time view as at 07/03/2016. This version of this provision has been superseded.
Financial Services and Markets Act 2000, Section 60A is up to date with all changes known to be in force on or before 30 May 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
(1)Before a relevant authorised person may make an application for a regulator's approval under section 59, the authorised person must be satisfied that the person in respect of whom the application is made (“the candidate”) is a fit and proper person to perform the function to which the application relates.
(2)In deciding that question, the authorised person must have regard, in particular, to whether the candidate, or any person who may perform a function on the candidate's behalf—
(a)has obtained a qualification,
(b)has undergone, or is undergoing, training,
(c)possesses a level of competence, or
(d)has the personal characteristics,
required by general rules made by the regulator in relation to persons performing functions of the kind to which the application relates.
(3)For the meaning of “relevant authorised person”, see section 71A.]
Textual Amendments
F1S. 60A inserted (7.3.2016) by Financial Services (Banking Reform) Act 2013 (c. 33), ss. 21, 148(5); S.I. 2015/490, art. 2(1)(c) (with savings and transitional provisions in S.I. 2015/492 (as amended by S.I. 2015/1660))
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