APER 2
The Statements of Principle for Approved Persons
APER 2.1
The Statements of Principle
- 01/11/2007
APER 2.1.1
See Notes
APER
2.1.2 P sets out the Statements of Principle issued
by the FSA to
which APER 1.2.1 G refers and to which the provisions of the Code of Practice for Approved Persons and guidance in APER 3 and APER 4 apply.
- 01/12/2001
APER 2.1.1A
See Notes
An approved person will not be subject to a Statement of Principle to
the extent that it would be contrary to the UK's obligations under a Single Market Directive.
- 01/11/2007
APER 2.1.2
See Notes
Statements of Principle issued under section 64 of the Act
| Statement of Principle 1 An approved person must act with integrity in carrying out his controlled function. |
| Statement of Principle 2 An approved person must act with due skill, care and diligence in carrying out his controlled function. |
| Statement of Principle 3 An approved person must observe proper standards of market conduct in carrying out his controlled function. |
| Statement of Principle 4 An approved person must deal with the FSA and with other regulators in an open and cooperative way and must disclose appropriately any information of which the FSA would reasonably expect notice. |
| Statement of Principle 5 An approved person performing a significant influence function must take reasonable steps to ensure that the business of the firm for which he is responsible in his controlled function is organised so that it can be controlled effectively. |
| Statement of Principle 6 An approved person performing a significant influence function must exercise due skill, care and diligence in managing the business of the firm for which he is responsible in his controlled function. |
| Statement of Principle 7 An approved person performing a significant influence function must take reasonable steps to ensure that the business of the firm for which he is responsible in his controlled function complies with the relevant requirements and standards of the regulatory system. |
- 01/12/2001