FCA proposing to automatically convert individuals from the Approved Persons Regime to the Senior Managers and Certification Regime
The FCA is proposing to automatically convert individuals from the Approved Persons Regime to the Senior Managers and Certification Regime; the majority of firms will not need to submit applications to convert Approved Persons to Senior Managers.
Firms may provide projections to retail investors in addition to PRIIPs KIDs
Firms will have the option, but not the obligation, to continue to provide projections to retail investors outside of the Packaged Retail and Insurance-based Investment Products (PRIIPs) standardised key information document (KID), providing they are produced in line with COBS rules