PART 4

Conduct of persons working in financial services sector

Amendments of FSMA 2000

Recording information about senior managers
34
1
Section 347 of FSMA 2000 (the record of authorised persons etc.) is amended as follows.
2
In subsection (2)—
a
in paragraph (g), after sub-paragraph (iii) insert—
iv
in a case where the authorised person concerned is a relevant authorised person, whether or not the person is a senior manager;
;
b
after that paragraph insert—
h
in the case of an approved person who is a senior manager in relation to a relevant authorised person—
i
whether a final notice has been given to the person under section 390; and
ii
if so, any information about the matter to which the notice relates which has been published under section 391(4).
3
After subsection (8) insert—
8A
In this section—
- “relevant authorised person” has the same meaning as in Part 5 (see section 71A),
- “senior manager”, in relation to a relevant authorised person, means a person who has approval under section 59 to perform a designated senior management function in relation to the carrying on by the authorised person of a regulated activity, and
- “designated senior management function” means a function designated as a senior management function under section 59(6A) or (6B).
4
For subsection (9) substitute—
9
The authorised person concerned”, in relation to an approved person, means the person on whose application approval was given.
S. 34 in force at 7.3.2016 by 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))