Notify the Financial Conduct Authority and/or Prudential Regulation Authority of an internal transfer or promotion of an approved person: financial services
Key points
If an internal transfer or promotion involves an approved person, the employer may need to notify the Financial Conduct Authority (FCA) and/or Prudential Regulation Authority (PRA).
Before an individual undertakes a new or additional controlled function, the employer must notify the FCA and/or PRA.
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