FCA launches new financial services register

On 27 July the FCA launched an enhanced version of its Financial Services Register, along with an accompanying statement. The good news is the new version features clearer navigation and design, simpler language, better guidance on use, greater prominence for key information, and optimisation for mobile devices. The bad news is that a range of issues have quickly come to light in relation to its content. Among the issues UKGI is aware of are the following:

  • Firms mistakenly deregulated
  • Permissions missing
  • Firms falling off the Register altogether
  • Individuals missing
  • Incorrect addresses
  • Incorrect information on Appointed Representatives.

Remember: your firm is responsible for checking that all data relating to your firm is correct and up to date, notifying any changes via Connect or (for The Directory) the multi-entry facility. In the meantime, the FCA has said it is aware of the problems with the latest version of the Register and working on rectifying them.

For further information or help with any of the issues raised above call us on 01925 765777 to speak to one of our compliance experts, or email info@ukgigroup.com.

UKGI is a trading style of UKGI Limited and UKGI Services Limited which are wholly owned subsidiaries within UKGI Group Ltd. UKGI Limited acts in compliance services and UKGI Services Limited acts in support services. UKGI Services Limited is a wholly owned subsidiary of Total Broker Solutions Limited, which is an appointed representative of Resolution Compliance Limited, which is authorised and regulated by the Financial Conduct Authority (FCA) under reference number 421154. 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.