On November 23, the UK’s Financial Conduct Authority (FCA) updated its webpage confirming that data on certified and assessed persons (Directory Persons) submitted by dual-regulated firms under the Senior Managers and Certification Regime (SM&CR) is now live on the Financial Services Register (FS Register) (the Webpage). On the Webpage, the FCA reiterates that solo-regulated firms are to submit their data on Directory Persons via the FCA’s online portal — ‘Connect’ by March 31, 2021 using the single-entry submission form. Solo-regulated firms that wish to use the multiple entry submission form or that would like their data to appear from December can apply (see the October 16, 2020 Edition of Corporate & Finance Weekly Digest for further details.)

Under the SM&CR, data on Directory Persons will operate alongside the FS Register, and information will be made public on key individuals in SM&CR firms that carry out roles which are not pre-approved by the FCA.

The Webpage is available here.