FCA/ PRA Compliance Checks

In order to hold a position of responsibility and become an ‘approved person’ at any UK financial firm, a candidate must meet the FCA’s regulatory requirements.

As part of this, they will be expected to meet a ‘fit and proper’ test, comply with the Statements of Principle and Code of Practice, as well as report any information which could affect their suitability as part of FCA screening tests.

Consequently, when hiring, a candidate will be subjected to regulatory approved questions about their honesty, competence, capability and financial soundness