The FCA and PRA are introducing a new accountability regime for deposit-takers, insurers and PRA-designated investment firms.

As part of implementing the new regime, the two regulators are consulting on proposed amendments to two forms for the new accountability regime and also to two forms used in the current Approved Persons Regime.  The changes alter the questions within the forms to ensure regulators only require necessary disclosures from regulated firms, while ensuring the regulators remain able to properly assess the fitness and propriety of those they are required to approve. 

The consultation will be of interest to all FCA and PRA-authorised firms and individual candidates for approval as approved persons, notified non-executive directors and key function holders. 

Comments are requested by 19 October 2015.