Regulatory Alerts2019-07-23
Draft Joint Standard on Fit and Proper Requirements for Significant Owners of Financial Institutions
The Prudential Authority and the Financial Sector Conduct Authority jointly issued a proposed Joint Standard establishing fit and proper requirements for significant owners of financial institutions, which simultaneously amends Prudential Standard GOI 4 for insurers. This draft regulation advances a second round of public consultation after incorporating feedback from an initial November 2018 review process. Stakeholders are invited to submit written comments via email by 4 September 2019.
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