FCA confirms the move to seven-digit Firm Reference Numbers (FRNs) and Product Reference Numbers (PRNs)

The FCA announced in June last year that it would eventually be moving to seven-digit Firm Reference Numbers (FRNs) and Product Reference Numbers (PRNs).  In early July the FCA informed the Association of Professional Compliance Consultants (APCC) that it would likely reach the six-digit limit (999999) for FRNs and PRNs sometime in July 2023, given the volume of applications and notifications it is receiving. The FCA has subsequently confirmed that the first seven-digit FRN was issued on 18th July.

  • The FCA uses FRNs to uniquely identify firms, and PRNs to uniquely identify funds.
  • Firms that already have a six-digit FRN or PRN will keep that number. They will not change.
  • Seven-digit numbers are now being allocated for new applications and notifications, as the six-digit range is now exhausted.
  • The number 999999 was not allocated to either a firm or a fund to avoid potential systems issues for firms; it is likely that the number was allocated to a non-public record that will not be published.

If you have any questions on these changes, please contact FRNPRNchanges@fca.org.uk.

UKGI is a trading style of UKGI Limited and UKGI Services Limited which are wholly owned subsidiaries within UKGI Group Ltd. UKGI Limited Registered in England No. 03544014. UKGI Services Limited registered in England No. 04953835. All Registered Offices Number 22 Mount Ephraim, Tunbridge Wells, England TN4 8AS. VAT registration number 347 2664 82.