On March 25, the UK’s Financial Conduct Authority (FCA) updated its webpage on its directory of certified and assessed persons in light of the Covid-19 pandemic (the Webpage).
Under the senior managers and certification regime, the FCA will publish and maintain a directory of certified and assessed persons on the Financial Services Register (FS register) for consumers and professionals to check the details of key individuals working in financial services. The publication of such directory was originally due by the end of March. As a result of the impact of the Covid-19 pandemic, the FCA has introduced a delay to the publication of the directory of certified and assessed persons for at least a month. The timing of the directory’s launch is now under review, and the FCA will provide further updates on the Webpage.
The Webpage sets out the deadlines for submitting certified and assessed persons information. Solo-regulated firms must submit their data by December 9 and banks, building societies, credit unions and insurance companies should have submitted their data on March 9. Dual regulated firms can either regularly update their certified and assessed persons data as changes occur, or they can wait and provide a bulk update once the new launch date is confirmed.
The Webpage also sets out information to assist firms with submitting their directory of certified and assessed persons to the FCA.
The Webpage is available here.