• Registration Deadline Fast Approaching For the New Approved Persons Regime -- 6 February 2010
  • February 5, 2010
  • Law Firm: Mayer Brown LLP - Chicago Office
  • In a previous alert we highlighted the impact of the policy statement issued by the UK Financial Services Authority entitled “The approved persons regime - significant influence review” (“PS09/14”). This importantly widens the scope of the concept of ‘significant influence’ function at FSA-regulated firms. The necessary changes to the FSA’s Handbook of Rules and Guidance took effect on 6 August 2009 but with a transitional period until 6 February 2010 for firms to bring themselves into compliance.