A firm must take reasonable care to establish and maintain such systems and controls as are appropriate to its business.
To enable it to comply with its obligation to maintain appropriate systems and controls, a firm should carry out a regular review of them.
The areas typically covered by the systems and controls referred to in SYSC 3.1.1 R are those identified in SYSC 3.2. Detailed requirements regarding systems and controls relevant to particular business areas or particular types of firm are covered elsewhere in the Handbook.
2If a firm requires employees who are not subject to a qualification 7 requirement in TC7 to pass a relevant examination from the list of appropriate qualifications 8maintained by the FCA8, the appropriate regulator will take that into account when assessing whether the firm has ensured that the employee satisfies the knowledge component of the competent employees rule.7 8 8 7 8 7 7 8