Key Personnel Fit & Proper Assessment Checklist for FCA Compliance

Key Personnel Assessment is a cornerstone of the FCA authorisation process and regulatory compliance. Ensuring the fitness, propriety, and accountability of senior staff is not only a regulatory requirement but also a strategic necessity for effective risk management and organisational integrity.

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From verifying qualifications and defining clear roles to conducting thorough background checks, the assessment process demands precision and transparency. Coupled with the Senior Managers and Certification Regime (SMCR), firms must adopt a structured approach to compliance, governance, and leadership accountability to meet regulatory expectations, streamline the authorisation process, and strengthen resilience.