Approved Persons Training Course

• 40 Minutes
• For all staff
• UK

Although senior managers now obtain approval for Senior Management Functions, the Statements of Principle and Code of Practice for Approved Persons still apply to appointed representatives. This 40-minute course explains the purpose of APER, identifies the controlled functions, covers fitness and propriety criteria, and works through the Statements themselves.

Appointed representatives sit outside SM&CR but inside the principal firm's responsibility, which is a distinction that regularly gets lost. The principal answers for the AR's conduct. Training the AR population on the regime that actually applies to them protects the principal's regulatory position and closes an oversight gap the FCA has repeatedly identified across the AR model.