The Connect system
Produced in partnership with Orrick, Herrington & Sutcliffe (Europe) LLP
The Connect system

The following Financial Services practice note Produced in partnership with Orrick, Herrington & Sutcliffe (Europe) LLP 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...

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an implementation period, during which it continues to be subject to EU law. The Financial Conduct Authority’s interpretative guide on completing its forms after the UK’s withdrawal from the EU does not apply during the implementation period, and the FCA has not amended its forms. The guide will start to apply when the implementation period has finished. During the implementation period, firms should continue to complete forms in the same way as before the UK exited the EU.

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

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