Connect Replaces ONA

24 October 2014 Steve BaileyCompliance

The FCA’s Online Notifications and Applications (ONA) system has been replaced by a new system called Connect.

For more information, please see here.

The FCA has issued emails advising individuals that they have been registered as a new user; they must activate their account, create passwords and complete security questions.

All firms have been issued with these emails but we are already aware of some firms not been able to locate them.

It is important that you update and start using the new Connect system since only existing draft applications will be allowed to complete on the ONA system, and these must be done before 01 December. All new applications and notifications must be carried out through Connect.

Don’t forget to check Our View about this article and the Actions Required By You

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

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Our View

The old ONA system was pretty cluncky. Let’s hope this is an improvement.

In theory the new system should be more user friendly and provide more features than the last.

Action Required By You

Locate and read the email from the FCA;
Complete registration for principal and other users;
Remember you log in details as you may not need them for some time.

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