FCA Connect

From today the FCA has a new online notification system. It is called Connect and it will replace the ONA system with effect from 1st October (today). If you have any notifications in the ONA system, I understand that you will have until 1st December 2014 to process them but you should check this with the FCA Firms Contact Centre.

Most notifications and applications will need to be  submitted to the FCA by this system although some will require paper submissions ( see below).

You will have to use Connect to submit the following applications and notifications to the FCA:

• Approved persons
• Appointed representatives
• Variation of permissions
• Cancellations
• Standing data

Some applications will continue to be submitted on paper, such as:

• Waivers
• Change in control

You should be receiving a notification that you have been set up as a new user shortly. I know that some firms have already received their email. 

If you are one of my paid up clients, please let me know when you receive the email and I will assist you in registering if you require it.

NOTE: Those of you who are due to apply for variation of permission for Consumer Credit will be  using this system to do so.