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What are the FCA Fit & Proper Requirements and Conduct rules?

Following on from our previous article about the Senior Manager regime, we provide more detail about the FCA Fit & Proper Requirements and Conduct rules.

FCA Fit & Proper Requirements


Fit & Proper Requirements are the criteria that financial firms and individuals working within the financial sector must meet in order to be authorised or registered by the Financial Conduct Authority (FCA) in the UK. These requirements are designed to ensure that only firms and individuals with the necessary skills, knowledge, and experience are allowed to operate within the financial sector.

The Fit & Proper Requirements cover a range of different areas, including:

  • Financial soundness: Financial firms must have the financial resources and stability to be able to carry out their activities in a safe and responsible manner.

  • Honesty and integrity: Financial firms and individuals must have a good reputation and be free from any criminal convictions or other sanctions that could call into question their honesty and integrity.

  • Competence and capability: Financial firms and individuals must have the necessary skills, knowledge, and experience to be able to carry out their activities in a competent and professional manner.


Conduct Rules