FIN.

FCA opens window for CMCs to register for temporary permission

In December 2018, the FCA confirmed that as part of its take over of the regulation of CMCs from April 2019, it would require CMCs to register for temporary permission in order to continue to operate from April, and pending submission and approval by the FCA of  a ‘full’ application to continue to do business.

The FCA has now published a dedicated webpage that confirms the opening of the window for CMCs to register for this temporary permission.  All such registrations must be made by the end of March 2019, but the FCA urges firms not to leave registration until the deadline.

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Roseyna Jahangir