FCA Delays 'Certified Persons' Reviews Into 2021 Amid Virus

Law360, London (June 30, 2020, 3:12 PM BST) -- The Financial Conduct Authority said Tuesday that it will give regulated financial businesses more than three extra months to assess the competence of their "certified persons," in a step to provide relief to banks and insurers struggling with the economic fallout of COVID-19.

The City watchdog said it has pushed back the first annual assessment of fitness and propriety, which regulated companies must perform on their so-called certified persons to the end of March 2021. A certified individual is someone already approved by the FCA to fulfill specified roles.

The Senior Manager and Certification Regime obliges finance companies to assess each year...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!