| Link(s): | Using the new Form A | FCA |
Context
The FCA’s improved Form A (used for Senior Management Function and Controlled Function applications) is now being rolled out to all firms.
Key points to note and next actions
Some of the changes the FCA has made may affect your internal templates and processes:
- To remove duplication in the employment history section you will no longer need to upload a CV (solo regulated firms only).
- You will need to provide 10 years of employment history.
- The ‘send later’ function has been removed .
- Depending on your answers, firms may also be asked new questions on rights to work in the UK, previous names to be displayed on the Register, candidate time spent on activities and spread across Directorships (where necessary).
The changes will apply to all new standalone applications (those not submitted as part of an application for something else). This includes standalone Appointed Representative applications.
From May the changes will apply to new related applications (e.g. applying for Authorisation for the first time, for a Variation of Permission or to add or amend Appointed Representatives).