SIFA 7.3 Becoming and Ceasing to be an Approved Person
There are five standard forms (A-E) relevant to approved persons and they are grouped together under the heading 'Supervision manual - Approved persons regime forms'. The forms are included in the Supervision Manual as Annexes 4 to 8 of Chapter 10. The forms are available from our website under 'FSA Library' and 'Forms'. Firms can also register with the FSA to submit the approved persons forms using Firms Online. You can obtain details of how to access Firms Online and how to register for this facility from the 'Doing business with the FSA' part of our website.
Form |
When to use the forms: |
A |
To perform a controlled function. The person who is to be appointed to perform the controlled function should complete the form and it should be authorised by an individual with a governing function within the firm. Form A is also used if an already approved person is increasing their functions but sections 4 and 5 of the Form will not always require completion. |
B |
To withdraw an application to perform a controlled function (i.e. to withdraw the application before it has been approved by the FSA). Both the firm and the candidate must sign this form. |
C |
To cease to perform a controlled function or to reduce the number of functions that an individual performs (i.e. to withdraw controlled functions from an approved person). Only the firm is required to sign this form. |
D |
To change an approved person's details. |
E |
To notify a person remaining with the same firm but changing a controlled function (e.g. to apply for a change from CF22 trainee investment adviser to CF21 investment adviser). |