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
The Legal Room UK · All in a Day's Work: References and
Regulatory References
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.