APER 3.3 Factors relating to Statements of Principle 5 to 7

In determining whether or not the conduct of an approved person performing an accountable significant-influence function3 complies with Statements of Principle 5 to 7, the following are factors which, in the opinion of the FCA,3 are to be taken into account:

1. (1)

   whether he exercised reasonable care when considering the information available to him;

2. (2)

   whether he reached a reasonable conclusion which he acted on;

3. (3)

   the nature, scale and complexity of the firm's business;

4. (4)

   his role and responsibility as an approved person performing an accountable significant-influence function;3

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5. (5)

   the knowledge he had, or should have had, of regulatory concerns, if any, arising in the business under his control.