An individual who has been approved by the Financial Services Authority (FSA) to perform a FSA controlled function for an authorised person.
an individual who has been approved by the FSA to perform one or more 'controlled functions' on behalf of an authorised firm
a person who has been approved, in accordance with the standards in subpart F of the regulations, by an accrediting entity to provide adoption services in the United States in cases subject to the Convention
A person who has applied for and been accepted as the person who will escort you on privileges and who agrees to follow the rules and restrictions in your disposition.
This is someone within a firm who will be performing a controlled function. To perform a controlled function, that person must be approved to do so and comply with the FSA's Statements of Principle and Code of Practice for Approved Persons. When assessing an application from someone wanting to be an approved person, the FSA needs to be satisfied whether they are fit and proper to perform a controlled function. For more information see the Fit and Proper Test for Approved Persons section of the FSA Handbook.
Someone who is considered by the FSA to be fit & proper to perform a controlled function in a particular firm. An Approved Person must act with integrity & due skill, care & diligence.
