Financial Regulation International
The approved persons regime: significant influence function review
Keti Tano, regulatory executive, Norton Rose LLP, London
Introduction
The approved persons regime (the regime) enables the FSA to hold individuals accountable for carrying out their responsibilities
in relation to the regulated firm for which they have been approved to perform controlled functions. The regime provides incentives
for honest, prudent and sensible management. The significance of adherence to the regime is the protection of the interests
of both the firm and its customers.