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 11 Staffing policies and procedures

An application for registration as a securitisation repository shall contain the following:

  1. (a)

    a copy of the remuneration policy for senior management, board members and for staff employed in risk and control functions of the applicant;

  2. (b)

    a description of the measures put in place by the applicant to mitigate the risk of over-reliance on any individual employee.