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.
Ukraine – 10% drop reporting
Alistair MacDougall Compliance 2020, 2022, COVID-19, FCA, Update
The current hostilities in Ukraine have caused significant market drops and may continue to do so. Accordingly, a reminder about the 10% drop reporting requirements is timely. Readers will recall the early days of the Covid pandemic in 2020 caused a period of market volatility that necessitated issue of 10% drop notifications to clients. […]