• 2.6.3 Licensing and authorisation (approvals)


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    Description of role

    Responsible for approving the licensing application at an initial application stage as well as by change of scope, check fit and proper requirements for new licensees and on an on-going basis during the lifetime of a licensee.

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    Core technical skills

    • Knowledge of the overall structure of the asset management and financial sector
    • Knowledge of strategic drivers and impact of new entrants in the capital markets sector in light of anticipated growth
    • Knowledge of relevant laws and principles and standards of regulation and supervision
    • Able to validate and endorse compliance of applicants with respect to requirements of licensing
    • Identify any gaps in risk assessments or incorrect risk-impact reviews
    • Knowledge of how to perform checks on owners, management, and other key personnel (e.g. Fit and Proper testing). Demonstrate capability to interpret financial models, financial statements, and risk measures
    • Articulate the impact and risk of the proposed entity within the financial sector and wider economy
    • Capability to validate complex financial projections
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    Qualification and/ or certification

    • QFSQF Level 3
    • Relevant experience