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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

senior manager

    an individual other than a director:

      1. (a) who is employed by:
        1. (i) a firm; or
        1. (ii) a body corporate within a group of which the firm is a member;
      1. (b) to whom the governing body of the firm, or a member of the governing body of the firm, has given responsibility, either alone or jointly with others, for management and supervision;
      1. (c) who, if the individual is employed by the firm, reports directly to:
        1. (i) the governing body; or
        1. (ii) a member of the governing body; or
        1. (iii) the chief executive; or
        1. (iv) the head of a significant business unit; and
      1. (d) who, if the individual is employed by a body corporate within the group, reports directly to a person who is the equivalent of a body or person referred to in (c).5