INDI 6.1.3 Individuals approved for customer-facing function before 1 January 2015

(1) In this rule:

approved individual does not include a conditionally approved individual.
(2) An individual who was an approved individual in relation to the customer-facing function immediately before 1 January 2015 is taken to have been assessed, in accordance with rule 4.1.1 (1), by the authorised firm for whom he or she performs the function:
(a) as having the competencies to perform the customer-facing function;
(b) to be a fit and proper person to do so; and
(c) to satisfy any other requirements under these or any other Rules.
(3) The firm must enter details of the individual in the register that it maintains under rule 4.1.7.
Amended by QFCRA RM/2019-4 (as from 1st January 2020).