Individual requirements
- - Appointed representatives for regulated activities conducted on behalf of CMS licensees or exempt financial institutions
- - Fit and proper assessment for directors, representatives, substantial shareholders, and key persons
- - Activity-specific entry and examination requirements where applicable
- - Clear senior ownership for compliance, AML/CFT, risk, and operations
People evidence to prepare
- - Role description matched to regulated activities and reporting lines.
- - CV, regulatory history, disciplinary disclosures, exams, and competence evidence.
- - Authority, time commitment, location, backup, and conflict notes.
- - Supervision map showing how the individual controls or escalates regulated work.
- - Public-register verification plan after approval or appointment.
Common bottlenecks
- - Assuming accredited or institutional clients remove all licensing questions
- - Weak explanation of investment strategy, risk management, or outsourced functions
- - Unclear representative arrangements and supervision
- - Marketing plans that drift into retail or public solicitation without controls