The FCA is launching a new online invoicing portal on 12 April 2021 for users to access their invoices and arrange payment of their fees.
Firms should continue using the existing invoicing online portal for now but this will no longer be available after 31 March 2021. There will be no portal available until the new portal launches on 12 April 2021.
Accessing the new portal
Users will access the online portal using their Connect log in details after launch. Firms that have not yet registered for Connect will be set up with an account to access the new invoicing portal.
Firms should note that it will not be possible to view or download invoices paid before 31 March 2021 in the new portal, so these should be downloaded ahead of April.
Users that currently receive a soft copy of their invoice with their invoice notification will continue to do so.
Improving the Appointed Representatives Regime
Michael Senior Compliance complaints, FCA, Mortgage, Register
The FCA has consulted on proposed changes to the Appointed Representatives (AR) regime. The proposed changes aim to reduce potential harm arising across the sectors where they operate. The context in which these changes are considered necessary is that FCA data show that principals have more complaints per £1m of revenue compared to non-principals, […]