The Briefing will cover:

• Approval and the General Prohibition
• Approved Persons - controlled functions
• The Fit and Proper Test
• Statements of Principle and Code of Practice for Approved Persons
• The Approved Persons Regime: Significant Influence Function Review
• The Walker Review
• The imminent changes to the APER regime,
• Extending the Approved Persons regime to individuals in a parent company who have a significant influence over the firm
• Clarification of the role of non-executive directors, who can expect more scrutiny in the future
• Examples of recent FSA action against Approved Persons