The Connect system
Produced in partnership with Orrick, Herrington & Sutcliffe

The following Financial Services practice note produced in partnership with Orrick, Herrington & Sutcliffe provides comprehensive and up to date legal information covering:

  • The Connect system
  • Applications and notifications available via Connect
  • Applications and notifications not available via Connect
  • Registering with Connect
  • User permissions
  • Adding users
  • Editing and disabling users
  • Firms’ responsibilities for managing their users
  • Starting and submitting an application via Connect
  • Pre-submission
  • More...

The Connect system

BREXIT: 11pm (GMT) on 31 December 2020 (‘IP completion day’) marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. Following IP completion day, key transitional arrangements come to an end and significant changes begin to take effect across the UK’s legal regime. This document contains guidance on subjects impacted by these changes. Before continuing your research, see: Brexit and financial services: materials on the post-Brexit UK/EU regulatory regime.

Connect is the web-based system for notifications and applications. The Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA) have been using Connect since 1 October 2014, when it replaced the previous Online Notification and Application System (ONA) .

Although the FCA oversees the Connect system, it is used by both the FCA and PRA. Submissions route to the relevant regulator and, in the case of dual-regulated firms, the PRA takes the lead on handling submissions.

Applications and notifications available via Connect

Firms can make applications and notifications via Connect for the following:

  1. approved persons

  2. appointed representatives

  3. benchmark administrators

  4. cancellations of Part 4A permissions

  5. claims management temporary permission

  6. consumer buy-to-let registration

  7. authorisation, registration or cancellation of electronic money institutions

  8. MiFID II notifications

  9. change in control notifications (for firms that are only regulated by the FCA)

  10. suspicious transaction and order reports (STORs)

  11. variation of permission

  12. firm details (previously known as standing data)

  13. passporting

  14. part

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