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CP15/5: Approach to non-executive directors in banking and Solvency II firms & Application of the presumption of responsibility to Senior Managers in banking firms

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AI-generated Summary

Consults, with the PRA, on the approach to independent non-executive directors in banks, building societies, credit unions, PRA-designated investment firms and Solvency II firms, and on applying the presumption of responsibility to senior managers in banking firms. Closes 27 April 2015.

Written from the Regulation Tomorrow post (Norton Rose Fulbright) that links this paper, not from the paper itself.

Details

ReferenceCP15/5
IssuerFCA
PublishedDate pending: it is added once checked on the FCA’s page

FCA Handbook

Handbook provisions the Handbook lists against this paper (only those linked to MiFID II or MiFIR material are shown).

  • SYSC 4.7.26G
    SYSC Senior Management Arrangements, Systems and Controls · deleted

    Deleted in the FCA Handbook.

  • SYSC 4 Annex 1
    SYSC Senior Management Arrangements, Systems and Controls · deleted

    Deleted in the FCA Handbook.

  • SYSC 6.2.1BG
    SYSC Senior Management Arrangements, Systems and Controls · in force from 23 Oct 2025
  • SYSC 6.2.2G
    SYSC Senior Management Arrangements, Systems and Controls · in force from 23 Oct 2025
  • SYSC 7.1.8G · Risk control: additional provisions
    SYSC Senior Management Arrangements, Systems and Controls · in force from 23 Oct 2025
  • SUP 10C.6.1R · Compliance oversight function (SMF16)
    SUP Supervision · in force from 23 Oct 2025

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