Section 143R Managers of non-authorised parent undertakingsF1
United Kingdom
A non-authorised parent undertaking of an FCA investment firm must take reasonable care to ensure that members of its management body—
(a)
are of sufficiently good repute, and
(b)
possess sufficient knowledge, skills and experience to perform their duties effectively.
Annotations
Textual amendments
- F1
Pt. 9C inserted (1.7.2021) by Financial Services Act 2021 (c. 22), s. 49(5), Sch. 2 para. 1; S.I. 2021/671, reg. 4(b)