The following Financial Services practice note Produced in partnership with Orrick, Herrington & Sutcliffe (Europe) LLP provides comprehensive and up to date legal information covering:
Chapter 16 Annex 16A of the Financial Conduct Authority (FCA) Handbook's Supervision Manual (FCA SUP 16, Annex 16A) sets out a list of standing data which the regulators hold in relation to each authorised firm. This standing data includes:
the registered name of a firm and any trading names
registered office and principal place of business
complaints contact and complaints officer
the name and email address of the principal compliance contact
information about the firm on the Financial Services Register
name and address of firm's auditor
accounting reference date, and
details of any locum used
Standing data is used by the FCA and PRA:
to ensure that a firm is presented with the correct regulatory return when it seeks to report electronically
to communicate with a firm
as the basis for some sections of the Financial Services Register, and
to carry out thematic analysis across sectors and groups of firms
It is therefore very important that the standing data that the regulators hold about firms is accurate and up-to-date. Each authorised firm is responsible for ensuring that it discloses any changes in its standing data to the appropriate regulator (ie the PRA and/or the FCA).
The PRA works closely with the FCA in the collection and management of regulatory data. Much of the regulatory data for PRA firms continues to be collected by the FCA. This includes
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