This BSA response supports the proposal in FCA CP16/27 that 'standard' - sometimes called 'notified' - non-executive directors (NEDs) should be subject to the regulator's individual conduct rules and to rule 4 of the senior conduct rules.

The FCA's proposal aligns with the position consistently taken by the BSA that it is inappropriate for only some of the members of a unitary board of directors to be subject to the relevant regulatory conduct rules.

Read the full response