Senior Managers Regime and Approved Persons designated as senior managers in banks as at 14 March 2016

We publish details of a selection of requests made under the Freedom of Information Act 2000, and the information we disclose in response.
Date released: 13 April 2016


Under the Senior Manager’s regime as at 14 March 2016 (1) how many people have been designated as senior managers in aggregate and by each bank?  (2) the names of all people designated as senior managers? (3) how many people were rejected as senior managers by the PRA under the approval process?

We have taken the scope of the request to relate to Approved Persons at banks that are designated as senior managers under the Senior Managers Regime.  

With regards to parts (1) and (2) of the request, such information is publicly available on the Financial Services Register (the ‘FS Register’) which is a service provided by the Financial Conduct Authority (‘FCA’) whereby you are able to purchase extracts of firms’ data, or firms’ and individuals’ data from the FS Register.   Further information on the FS Register Data Extract service is available on the FCA’s website.

Turning to part (3) of the request, those individuals that were already approved under the Approved Persons regime were not re-assessed as part of the grandfathering exercise for the new Senior Managers Regime.  As this was a notification exercise only, no individuals were rejected under the grandfathering process.