that are directly involved in the activities specified in SYSC 28A.1.1R; or
within the management structure responsible for the activities specified in SYSC 28A.1.1R; or
within the management structure responsible for any staff directly involved in the activities specified in SYSC 28A.1.1R.
has a clean criminal record or any other national equivalent in relation to serious criminal offences linked to crimes against property or other crimes related to financial activities; and
has not previously been declared bankrupt,
unless they have been rehabilitated in accordance with national law.
in relation to a serious criminal offence, where the conviction is considered ‘spent’ under the Rehabilitation of Offenders Act 1974;
in relation to bankruptcy, where the bankruptcy has been discharged.
References to “serious criminal offences” are not restricted to offences considered to have been committed in or under the law of the United Kingdom.
A firm should give particular consideration to offences of dishonesty, fraud, financial crime or other offences under legislation relating to banking and financial services, companies, insurance and consumer protection.