FCA Standard Explained
There are many positions which require specific background checks to be completed, especially in the financial sector. Handling money, accounts, and data in the role makes screening a compulsory process for recruitment. However, this does not need to be a hassle. This is where we come in.
Our specialist FCA screenings are suitable for financial companies regulated by the FCA (Financial Conduct Authority) and PRA (Prudential Regulation Authority). Regulated employees must be fit and proper for the role they perform, therefore our screenings obey the FCA criteria verifying the competence, capability, honesty, integrity, reputation and financial soundness of the applicants.
Since December 2019, the FCA Approved Persons scheme has been replaced by the SMCR (Senior Managers Certification Regime).