The Financial Conduct Authority (FCA) will be launching an enhanced Financial Services Register on Monday 27th July 2020. The enhanced Register will have a new look following feedback from the financial services industry and the information contained within it will be easier for users to find and understand. The Register will be further updated later in the year when the FCA adds a directory of certified and assessed persons.
The FCA said 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 during the weekend to make the enhanced Register ready for the start of business on 27th July.
The regulator recently announced proposals to extend the previous deadline of 9th December 2020 for solo-regulated firms to submit information about Directory Persons to the Register to 31st March 2021. When they have been submitted, the FCA will still publish details of certified employees of solo firms starting from 9th December 2020 on the Financial Services Register. Where solo-regulated firms can provide this information before March 2021, the FCA said it would be encouraging them to do so.
Members may access full details about the changes by clicking here.
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