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.

Article 15 Fitness and appropriateness

  1. (1)

    A credit rating agency shall provide the FCA with the curriculum vitae, including employment history with relevant dates, identification of positions held and a description of the functions occupied, for each of the following:

    1. (a)

      members of senior management;

    2. (b)

      persons appointed to direct the business of the branches;

    3. (c)

      officers responsible for internal audit, internal control, compliance function, risk assessment and review function.

  2. (2)

    A credit rating agency shall provide the FCA with the following information in respect of each member of its senior management:

    1. (a)

      a recent criminal-record file from the country of origin of the relevant person, unless the relevant national authorities do not issue such a file;

    2. (b)

      a self-declaration of their good repute including at least the statements set out in Annex VI and signed by the individual.