APER Fit and Proper Testing

 

 

 

6-PAR_Compliance-Star-App_APER-Fit-Proper-1

Background

Principal firms must ensure adequate on going due diligence is undertaken and recorded for all approved persons joining the firm and operating under the permitted regulatory permission.

Compliance Star

  • Fit and Proper questionnaires are generated automatically sent on the anniversary date the APER approval.

  • Automated tasks are generated between the principal and firm to ensure all required documentation is provided.

  • Notifications for both AR’s and principals for completion and checking through to sign off.

6-PAR_APER-Fit-Proper

Benefits

  • Ongoing regulatory obligations are met regarding the information which needs to be held on the individuals

  • The principal can access and review all documentation at the click of a button

  • Audit trail of all communications both internal and external

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