This month’s episode covers references, with a focus on regulatory references in the Financial Services sector. We will be looking at what the legal position is for employers to provide a reference for former employees. We will also cover the regulatory reference system and the higher obligations that are placed on FCA and/or PRA regulated employers when providing references.
Acronym guide:
FCA – Financial Conduct Authority
FSMA – Financial Services and Markets Act 2000
GDPR – the General Data Protection Regulations and Data Protection Act
PRA – Prudential Regulation Authority
SMCR – Senior Manager Certification Regime
SMF – Senior Management Functions
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