The FCA is set to replace the existing Financial Services Register with an enhanced Financial Services Register on 27 July 2020.
As previously announced, the directory of certified and assessed persons will be added to the Register later this year. This will enable consumers and professionals to check details of key individuals working in financial services.
Firms will need to update any links they have to pages on the current Financial Services Register, other than those to the homepage, once the enhanced Register launches. All current links will be redirected to the enhanced Register’s homepage. The existing Financial Services Register will cease to be available from 6pm on Friday 24 July so that work can take place over the weekend to make the enhanced Register ready for the start of business on Monday 27 July.
The FCA recently announced that they are proposing to extend the previous deadline of 9 December 2020 for solo-regulated firms to submit information about Directory Persons to the Register to 31 March 2021. However, where solo-regulated firms are able to provide this information before March 2021, they are encouraged to do so.
The FCA will publish all submitted details of certified employees of solo firms starting from 9 December 2020 on the Financial Services Register.
New FCA fee for Form A applications
Lisa Cross Compliance 2020, 2022, FCA, Senior Manager, Update
We have been advised by the FCA as follows: “Following our recent revalorisation of the application fees earlier this year, on 24 January we advised that we would be introducing a new charge of £250 for standalone long Form A applications both for Senior Manager Functions and Controlled Function for Appointed Representatives. We […]