Section 62A: Changes in responsibilities of senior managers

Financial Services and Markets Act 2000 · 2000 c. 8View on legislation.gov.uk

Part V: Performance of Regulated Activities

This section applies where—

an authorised person has made an application to the appropriate regulator for approval under section 59 for a person to perform a designated senior management function,
the application contained, or was accompanied by, a statement of responsibilities under section 60(2A), and
the application has been granted.

If, since the granting of the application, there has been any significant change in the aspects of the authorised person's affairs which the person is responsible for managing in performing the function, the authorised person must provide the appropriate regulator with a revised statement of responsibilities.

The appropriate regulator may require the authorised person—

to provide information which the person is required to give under this section in such form as the appropriate regulator may direct, or
to verify such information in such a way as the appropriate regulator may direct.

In this section—

  • "the appropriate regulator" has the same meaning as in section 60 , except that the reference in section 60(9)(b) to subsection (3) is to be treated as a reference to subsection (2) of this section;

  • ...

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Reuse reviewed 21 August 2026 under Open Government Licence v3.0.