ECSH45797 | Fit and proper and approvals: contents: operational guidance: confirming the identity of the BOOM - fit and proper test

All beneficial owners, officers, or managers (BOOMs) undergoing the fit and proper (F&P) test must provide a copy of an ID document and proof of address. Guidance on acceptable form of identification documents is available on ECSH45798.

New fit and proper applications

The authorisations admin caseworker will send a requirement to provide information and documents to all BOOMs included in the business’ application form requiring them to provide information and documents in order to determine if they are F&P persons. This letter includes the requirement for the BOOM to provide a copy of an ID document.

The BOOM must provide these documents within 21 days.

If this 21 day deadline is not met, the case will be passed to a to an F&P decision maker (DM) to take further action. The process to follow when a BOOM does not provide documents by this deadline is detailed in ECSH45799.

Annual refresh fit and proper applications

The F&P DM will send a request for information and documents to any newly added BOOMs requesting that they provide information and documents in order to determine if they are F&P persons.

If the BOOM does not respond to this request, the F&P DM will issue take further action as specified in ECSH45799.