FSA to intensify vetting of SIF candidates

As part of the existing SIF (supervising persons performing significant influence functions) approval regime, the FSA has said in a letter to the CEOs of 5,000 regulated firms that it will undertake close vetting of appointments and will expect to interview candidates applying for SIF roles.  Therefore, firms are being encouraged to engage with the FSA early in the recruitment process and for major firms, this should be at the point of drawing up a shortlist rather than waiting until the preferred candidate stage.

About The Author

Felix Shipkevich

Felix Shipkevich is a Manhattan-based attorney and general counsel for Shipkevich Law Firm. He has extensive experience working with the CFTC and NFA on registration, compliance, and enforcement issues for CPOs, CTAs, FCMs, IBs, and RFEDs. Felix also practices intellectual property and corporate governance law.