FCA seeks views on extending implementation deadlines for Certification Regime and conduct rules

Released 17 July 2020

The Financial Conduct Authority (FCA) has published a consultation paper on making changes to its rules following the extension to the deadline by which FCA solo-regulated firms need to have implemented the Certification Regime.

In June, the Treasury announced that the deadline by which firms must have first assessed the fitness and propriety of their Certified Staff will be delayed until 31 March 2021.

The FCA is consulting on extending the deadline for the following requirements from 9 December 2020 to 31 March 2021:

the date the Conduct Rules come into force;

the deadline for submission of information about Directory Persons to the FS Register;

changing references in the rules to the deadline for assessing Certified Persons as fit and proper.

The consultation runs until 14 August 2020.

Further information can be found in the consultation document CP20/10: Extending implementation deadlines for the Certification Regime and Conduct Rules.

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