The Financial Services Register is a public record of firms, individuals and other bodies that are, or have been, regulated by the PRA and/or FCA.
It allows anyone to search the register to find information about your firm, individuals within your firm, and the activities that you are authorised to engage in.
Therefore, I am sure you would agree that the accuracy of this information is vital as it can be used by others when determining whether they wish to engage with you, either as insurer or client.
In January 2020, the FCA moved the goal posts slightly by imposing an obligation on all regulated entities to annually attest to the accuracy of the information they [the FCA] hold about your firm and what is, therefore, published on the FS Register. More details on this can be found here .
Although you may be aware of this, you may not be aware that if you do not adhere to the requirement the FCA will insert a red, warning banner on your FS Register page, similar to the below:
You may have simply overlooked your obligation under SUP 16.10, but now, interested parties and stakeholders are able to see this too.
Therefore, this must be addressed post haste. Go to your CONNECT / RegData login, start an application, and go to ‘Firm Details’ – see below:
Complete the application and submit.
Note: Please seek the advice of your regional business manager before doing so, we’re here to help.