FSA has written to the chief executives of all UK recognised bodies. The letter explains the recent extension to the approved persons function and FSA’s approach towards significant influence functions. Although recognised bodies are not subject to the approved persons regime, FSA has traditionally applied similar standards when assessing a body’s board. It now wants to ensure it is aware of all key individuals and other individuals who may have significant influence over the body. It will assess any individuals not previously identified to it. The letter explains how FSA will approach its appraisal of relevant individuals in the future.