The FCA is urging firms not already registered on Connect to do so. They are emailing, calling and writing to firms that are not currently Connect users to encourage them to sign up before the new requirement comes into force in January 2020.
From January 2020, firms will be required to submit their mandatory annual update via Connect. This will include updating and confirming the accuracy of the firm’s details annually (even if there is no change), in line with the firm’s Accounting Reference Date (ARD).
The mandatory update form is within Applications and is available through a new menu choice, ‘Update or Attest your firm’s details’. The form is in the same format as all other applications in Connect.
Firms that are not already registered will find this link helpful.
More information about this new requirement is available here.
The firm’s ARD will determine when the information is required.
Conduct Rules Breaches – follow up
Huw Reynolds Compliance Conduct, FCA, Pension, Senior Manager, Update
We wrote recently about the Conduct Rules and, in particular, breaches and notifications . See here. This article is intended to clarify some of the grey around COCON breaches. All of the following is taken from Policy Statement PS 18-14. When is disciplinary action required? When and how a firm decides to undertake disciplinary action […]