PART 4Conduct of persons working in financial services sector
Amendments of FSMA 2000
34Recording information about senior managers
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.