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Version date: 13 March 2023 - onwards
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6.1 Introduction (paras. 6.1.1.-6.1.3.)

Closed
13 June 2023

6.1.1. As set out in the 2010 Act as amended by the IAF Act, in the case of an individual who performs a PCF or a CF1 role, the Additional Conduct Standards are:

"(a) that the business of the regulated financial service provider is controlled effectively,

(b) that the business of the regulated financial service provider is conducted in accordance with its obligations under financial services legislation,

(c) that any delegated tasks are assigned to an appropriate person with effective oversight, and

(d) that any information of which the Bank would reasonably expect notice in respect of the business of the regulated financial service provider is disclosed promptly and appropriately to the Bank, including information relevant to, or giving rise to a suspicion or expectation of, any of the following:

(i) commission of an offence by the regulated financial service provider or a person performing a controlled function in relation to it;

(ii) commission of a prescribed contravention or any o

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