Employers in the banking sector must comply with tough new requirements as part of major regulatory reform. What impact will this have on how HR deals with references? Sarah Ozanne, Of Counsel at law firm CMS, explains.
Updated to include details of the FCA and PRA proposals on the provision of references under the Senior Manager Regime and Certification Regime.
Gerri Hurst, Sinead Keenan, Carly Mather, Joelle Parkinson and Mark Rose are associates at Addleshaw Goddard LLP. They round up the latest rulings.
Use this references workflow on receiving a request for a reference for a current or former employee from a prospective employer.
A model letter in response to a request for an employment reference for a former employee being recruited to carry out a controlled function in the financial services sector.
A model letter to write to a former or current employee's prospective employer explaining the reasons for a refusal to provide a reference.
A model letter when you are providing a reference to a former or current employee's prospective employer.
A model policy to provide a procedure to follow where a reference request is received in respect of a former or current employee.
HR and legal information and guidance relating to references on termination of employment.