Completing Fit & Proper Assessments - What FCA Authorised Firms Need to Know

Introduction

The Senior Managers & Certification Regime is now truly embedded within the industry and as such your working practices should be inter-twined with the requirements. However, the FCA have pointed out that many firms still have a long way to go in certain areas, one of which is the quality of the fit and proper assessments.

The FCA does not prescribe a particular test but does describe the criteria that firms should consider. Those subject to the FIT rules need to be assessed on their honesty, integrity and reputation, their competence and capability and their financial soundness. The tests should be more than just a tick-box exercise, they should truly test the competence and behaviours of senior staff.

This webinar provides those who set procedures to evidence fitness with ideas and information on how to ensure your firm complies with the most up-to-date requirements, including those under the Leeds reforms and non-financial misconduct.

What you will learn

This webinar will cover the following:

• Honesty & Integrity
• Practical definitions
• Requirements and standards of the regulatory system
• Evidencing honesty and integrity
• Recent updates from the regulator
• When things go wrong: how to notify your firm and rectification steps
• Recording the required information
• Competence & Capability
• Definitions and FCA requirements
• Measuring competence and capability
• Taking remedial action
• Financial Soundness
• What to look for
• Measuring financial soundness
• Taking action
• Compliance Updates

This pre-recorded webinar will be available to view from Friday 22nd May 2026

Alternatively, you can gain access to this webinar and 2,100+ others via the MBL Webinar Subscription. Please email webinarsubscription@mblseminars.com for more details.