You should declare any new matters since your last application/renewal. You will need to provide further explanations regarding any yes answers. Yes answers will not automatically affect your licence status. We will review the information provided and may make further enquiries in order to assess your eligibility for licensed status. Failure to disclose may jeopardise your firm's licence status.
If you have any queries on eligibility please e-mail firstname.lastname@example.org or telephone +44 (0)20 7695 1670.
A Principal is a partner, statutory director or a Limited Liability Partnership (LLP) member. We also have a held out rule which means that if a person who is not a partner, statutory director or LLP member, shall still be treated as such if they:
By way of an example and in relation to our question, if a principal had been declared bankrupt and this had not been declared on your previous Designated Professional Body application form, then we would need to know about it and the answer should be completed "Yes".