MIFID investment firms now need to use a new form to notify FCA of management body changes for Non-SMF Directors. This form is required to submit information when appointing Non-SMF Directors to, or withdrawing them from, the firm’s management body.
The form is called ‘Notification Procedures for Changes to the Management Body for Non-SMF Directors’ and is available to download in SUP 15 Annex 14R of the FCA Handbook.
If a firm’s management body changes, the form needs to be downloaded, completed and emailed to NonSMFNotification@fca.org.uk until it is loaded on to Connect. From Q1 2020, firms will be able to submit the form via Connect, the FCA’s online platform.
Questions, questions…
Paul Jay Compliance 2023, FCA, Periodic Review, PI, platform, training, vulnerable, Xplan
As a result of firms needing to implement Consumer Duty this year (and many still don’t appear to have their act together yet), there hasn’t been much output from the regulator in the latter half of 2023. That has changed. In recent weeks the FCA seems to have issued more paper than confetti at a […]