On 27 July 2020, the FCA announced that it had launched an enhanced Financial Services Register.
Key enhancements include:
- A clearer navigation and design.
- Simpler language.
- More information on the Register’s purpose, how to use it and how to avoid scams.
- Important information being made more prominent, including past actions against individuals and firms, and consumer protections.
- Optimisation for some mobile devices.
Under the Senior Managers and Certification Regime (SM&CR), the FCA had announced its commitment to publishing and maintaining a directory of certified and assessed persons on the Financial Services Register. Having already announced a delay to this, the FCA now intends to publish it later this year.
The FCA is also currently proposing to extend the previous deadline of 9 December 2020 for solo-regulated firms to submit information about Directory Persons to the Register to 31 March 2021.