Dual regulated firms must have submitted their Directory Persons data on the FCA’s Connect system – by the deadline of 13 November 2020. The FCA will publish and maintain the data from 23 November 2020, as it is submitted. The data will be published on the Financial Services Register.
Solo-regulated firms must submit their Directory Persons data via Connect by the deadline of 31 March 2021 using the single entry submission form. Earlier dates apply if firms wish to use the multiple entry submission form and/or if they wish their data to appear from earlier dates starting in December.
The FCA will begin to incrementally display data from solo-regulated firms as it is submitted – the data will start to be published from 14 December 2020. The last date for single entry submissions to appear from the outset of this publication is 9 December 2020.
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. […]