What Makes a Firm ‘Fit and Proper’ in the Eyes of the FCA?
Understanding the requirements and how to stay compliant In the UK’s regulated financial sector, ensuring that individuals in key roles are “fit and proper” is not just best practice, it’s a regulatory obligation under the Financial Conduct Authority’s (FCA) Senior Managers and Certification Regime (SM&CR). But what does “fit and proper” really mean? And how […]