Jonathan Davidson, Executive Director of Supervision, Retail and Authorisations, said:
The Financial Services Register is an important tool for both the consumers and firms who use it.
These changes will make it easier for users to navigate and understand the Register, and in doing so, help them avoid financial harm such as scams by unauthorised firms and individuals.
The Senior Managers and Certification Regime (SM&CR) requires FCA to publish and maintain a directory of certified and assessed persons on the Financial Services Register. The FCA already announced a delay to this but intends to publish it later this year. The deadline for solo-regulated firms to submit information about Directory Persons to the Register was also proposed to be postponed to 31 March 2021.
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