20 Nov PS2 Working Group Call
I updated the group that the email had been sent to the FCA and a follow up call placed this morning. I will circulate the response as soon as it becomes available.
It was brought to the group’s attention that the new approach document does not specify a requirement to appoint a MLRO but that the requirement is in place by implication and that the appointee would be expected to be sufficiently senior and knowledgeable to undertake the role.
Date of next call: 4 December.