Apply to approve an individual or firm

Find out what you need to know before submitting your application.

What a good application looks like

These are some of the things you can do to give your firm's application the best chance of success, and help us make a decision without delay.

We expect your firm to:

conduct its own due diligence – before submitting the application – to be confident that the candidate meets the requirements of our 'fit and proper' test[1]
show that you have adequately assessed the candidate’s ability to perform the controlled functions or roles
submit responses within the requested deadlines

You must give us enough information including:

providing full explanations wherever you answer 'yes' to fitness and propriety questions
explaining any gaps in the candidate’s employment history and/or a termination or disciplinary in relation to a previous role
listing the candidate’s directorships (and former directorships) if answering 'yes' to the directorships question on the individual’s section
providing relevant, specific additional information to support supplementary questions

There's more guidance below about including the required signatures in the declaration, paying the application fee (if applicable) and where we still accept paper submissions.

Declarations

Your application will need to be signed by:

an 'appropriate individual' from your firm, and
the candidate

An ‘appropriate individual’ is someone approved for a senior management function (SMF), or someone that your firm delegates the authority to notify us. Where this happens, you should keep records of individuals authorised to sign on your firm's behalf.

All signatures must be originals, and not dated more than 3 months before the date you submit the application.

Application fee

Usually, you will pay a Category 1 fee if you submit Form A as a standalone application.

This is when your application is just for the approved person, rather than submitting Form A as part of a wider application – for example, an application for authorisation, a variation of permission (VoP) or registering an appointed representative. In these cases you won't be charged.

However, there is a charge if you apply to us while you're making arrangements for changes in control (CiCs). Here we'll treat your application as standalone because it is usually not linked directly to a single original CiC application.

Find out more about fees in our Handbook[4].

Paper submissions

A few applications and notifications still need to be sent on paper.

These include:

adding or changing senior management functions for approved persons who are corporate partners
applications from credit unions
occasionally other extenuating circumstances

You only need to send 1 paper application to the relevant regulator – either to the PRA for their senior management functions or to us for ones we control. If your firm is dual-regulated and your application relates to both a PRA and an FCA function, please only send the form to the PRA. They will send us any relevant information.

If you want to apply for a paper exemption, please contact us[5].

If you're the candidate

You can be an approved person for more than one firm, but the application must show how you plan to do this. This includes how you will avoid conflicts of interests and manage any associated risks.

Directors of appointed representatives

If you perform a governing function for an appointed representative, you must be an approved person. You cannot apply on your own behalf to be this approved person – your principal (the authorised firm responsible for your actions) must apply for you.

For appointed representatives that provide general insurance business alongside their main business (for example, a vet recommending specific pet insurance), only one person in the firm needs to be an approved person. They should be a director (or equivalent) and perform one of the following governing functions:

director
chief executive
partner
director of unincorporated association

Applying for a firm

Firms can become an approved person if they are a corporation (eg LLP, Limited Company, PLC) that acts as either a director or partner within the governance structure of a firm.

If you're applying to approve a firm, you can't do this through Connect. Please contact us[6] to send you a paper Form A including:

a Section 5 (fitness and propriety) for 2 senior individuals responsible for running the corporation – complete a separate Section 5 for each individual, and include their personal details in Section 6
the names of all directors or partners of the corporation
the place and date of incorporation
voting rights
copies of the Partnership Agreement if the corporation is a partnership
details of the governance and interaction the corporation has with your firm
details of how the corporate body meets the basic requirements to be an SMF manager (see SUP 10C.3.11 G[6] in our Handbook) – in most cases, it's appropriate for the director(s) or partner(s) of the corporate body to apply for an SMF at the applicant firm

Criminal records checks

If you haven't obtained a Disclosure and Barring Service (DBS) check of your candidate at the point you apply, your application may be rejected.

If you're applying for an SMF, you must obtain at least a standard DBS check of criminal records for the candidate.

However, note that the following SMF candidates have different requirements:

sole directors – a basic criminal records check is sufficient if the firm doesn't have other employees, and doesn't use third party service providers
sole traders don't need to seek criminal records checks for themselves, even if they also hold an SMF

Applying to the DBS

You must obtain a certificate from the DBS within 3 months of submitting your application.

Your application must include the:

date of the DBS check
details of any criminal records shown on the certificate

We don't need to see a copy of the DBS certificate unless your case officer requests this.

Find out more about obtaining a DBS check certificate[7].

If your candidate is based overseas

You'll need to obtain an equivalent check with the relevant authority in the country of residency, where available.

Disclosing criminal convictions

If you're a candidate to be an approved person, you must tell us about any criminal convictions.

England and Wales

You must tell us about spent and unspent criminal convictions and cautions, unless it is a protected conviction or caution.

To determine whether a conviction or caution is protected, refer to the law in England and Wales[8] and the Exceptions Order[9].

You must disclose a conviction if:

it is a listed offence
you received a custodial sentence or sentence of service detention
you have been convicted of other offences (ie offences that don't fit the circumstances above)
you were under 18 at the time of conviction and less than 5 years and 6 months have passed
you were over 18 at the time of conviction and less than 11 years have passed

You must disclose a caution if:

it was a listed offence
you were under 18 at the time of the caution and less than 2 years have passed since the caution date
you were over 18 at the time of the caution and less than 6 years have passed

Listed offences are defined in the Exceptions Order. They include serious violent and sexual offences.

Northern Ireland

You must tell us about spent and unspent criminal convictions where Northern Ireland law[10] applies.

Scotland

You must tell us about spent and unspent criminal convictions where the law of Scotland[11] applies.

You don't need to tell us about spent alternatives to prosecution.

Assessing an applicant's fitness and propriety

We judge each candidate on their own merits. We'll look at:

whether they have been open with us and disclosed all relevant matters
the seriousness of the issue and its relevance to the role they're applying for
the time since the issue occurred
whether the issue relates to an isolated incident or conveys a pattern of adverse behaviour

If we have concerns about a candidate, we will give them a warning notice that sets out our concerns and gives them the opportunity to speak with us before we make a decision.

27/04/2023 : Information changed Criminal records checks

08/12/2022 : Editorial amendment Updates to page features for website refresh.

First published: 12/05/2015 Last updated: 27/04/2023 See all updates