FCA FS16/6, FS 16/7, FS16/8, FS16/9

Valuable lessons and pointers for Accountability 1 and Accountability 2 (2018 extension) firms.

An in-depth supervisory review of the SoRs and responsibilities maps, supplied with grandfathering notifications representing all the sectors and types of firms. The review considers to what extent the FCA believes that firms have complied with the relevant rules and guidance in the FCA Handbook for:

  • Allocation of Senior Management Functions to individuals
  • Allocation of responsibilities to those individuals
  • Statements of Responsibilities, and
  • Responsibilities map