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.
Regulatory Change – Proposed Changes to the Normal Minimum Pension Age
David Anderson Suitability 2021, Conduct, NMPA, normal minimum pension age, Pension, protected, protection, transfer, Update
We have made a change to ATEB Suitability following a recent regulatory development. What does this mean for me? Following the Draft Finance Bill published on 20 July 2021, we have updated the wording of our ‘Proposed changes to Normal Minimum Pension Age (NMPA)’ section within the ‘Retirement Advice’ page of the main […]