We recently posted a news item about the need to apply for interim FCA permissions before the end of November 2013 in order to benefit from a discount.
We have recently attended a seminar where the FCA Authorisations department estimated that they will receive around 51,000 applications. What is interesting is that they estimate that only 39,000 applicants actually require a licence.
Prior to applying therefore and potentially wasting money, you should fully understand when the CCL licence is required. This link provides a useful summary.
One other thing to note. You need to check that your current licence is correctly set up. If it is not, you should amend the licence with the Office of Fair Trading (OFT) prior to applying to the FCA for interim permissions.
Financial Sanctions Checks
Shirley McKenzie Compliance Conduct, FCA, PI
In response to Russia’s invasion of Ukraine, the FCA published information about the tranche of sanctions announced in relation to Russia and Belarus and the HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has been regularly updating its publications to provide new information as it becomes available. Financial sanctions – a firm’s obligations The FCA […]