SYSC 23.4 Checks for certain directors

This section applies to a UK SMCR firm that is:

1. (1)

   an enhanced scope SMCR firm; or

2. (2)

   a core SMCR firm.

A firm must (as part of its assessment of the fitness and propriety of any of its non-SMF board directors under SYSC 23.4.1AR(P)) obtain the fullest information that it is lawfully able to obtain about P under Part V of the Police Act 1997 (Certificates of Criminal Records, &c) and related subordinated legislation of the United Kingdom or any part of the United Kingdom before P’s appointment as a board director.

1. (1) the person to be appointed is already performing, and has approval for the performance of, a designated senior management function for the firm or another firm in the same group;
2. (2) the person to be appointed was performing, and had approval for the performance of, a designated senior management function for the firm or another firm in the same group within 1 month before the appointment; or
3. (3) the firm (A) has already carried out the check in SYSC 23.4.2R in relation to the appointment of the person as a non-SMF board director of a firm in the same group and the person concerned is still performing that role or was doing so within 1 month before the appointment to the position with A.