Past version: effective from 21/10/2015 - 20/10/2015
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1. The Regulator expects an Authorised Person when considering whether to approve an individual as a Recognised Person and who is already an Approved Person or Recognised Person with one or more other Authorised Persons, will consider each Recognised Function and any Controlled Functions to be carried out and the allocation of responsibility for that individual among the relevant Authorised Persons.
2. The Regulator also expects that the Authorised Person will assess whether the individual will be able to carry out his roles effectively, is fit and proper to do so, and that there are no conflicts of interest or that any actual or potential conflicts of interest are appropriately managed.