approved person

approved person
A person in relation to whom the Financial Services Authority (FSA) has given its approval under section 59 of the Financial Services and Markets Act 2000 to carry out specified controlled functions within authorised persons. The detail of the approved persons' regime is set out in the FSA Handbook in the Statements of Principle and a Code of Practice for Approved Persons.
The glossary to the FSA Handbook sets out the full definition of this term. When considering this term in the context of financial services, reference should be made to the FSA Handbook glossary definition of approved person.
Related links

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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