Home FCA Handbook SYSC SYSC 23 SYSC 23.4 Criminal record checks for certain directors
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SYSC 23.4 Criminal record checks for certain directors

09/12/2019R

This section applies to a UK SMCR firm that is:

  1. (1)

    an enhanced scope SMCR firm; or

  2. (2)

    a core SMCR firm.

09/12/2019R

A firm must (as part of its assessment of the fitness and propriety of any of its non-SMF board directors subject to competence requirements (P)) obtain the fullest information that it is lawfully able to obtain about P under Part V of the Police Act 1997 (Certificates of Criminal Records, &c) and related subordinated legislation of the United Kingdom or any part of the United Kingdom before P’s appointment as a board director.

09/12/2019G

The guidance in SUP 10C.10.17G, SUP 10C.10.18G and SUP 10C.10.21G about criminal record checks for candidates to be an SMF manager applies to criminal record checks under this section.