FCA introduces final rules on the Directory of financial services workers
Regulatory Updates | 11/03/19
The FCA has published the final rules on the Directory – a new public register that enables consumers, firms and other stakeholders to find information on key individuals working in financial services. The Directory will enable firms to cross-check references, make their staff known to customers and make it more difficult for unsuitable individuals to operate in the UK market. This information will also support the FCA, law enforcement, professional bodies and other regulators in monitoring the market, building intelligence and targeting interventions.
These changes will allow users to search information on:
• all Directors and Senior Managers
• all staff certified as fit and proper by their firm
• other important individuals who undertake business with clients and require a qualification to do so.