FCA authorisation service slips back in Q4
The Financial Conduct Authority’s authorisation service in broker-related categories went backwards in the final quarter of the 2024/25 financial year.
The regulator delivered a ‘green’ result hitting its targets in three categories that impact brokers with two in the ‘amber’ zone during January to March.
This was down from the previous quarter when four were rated green and only one in amber.
The deterioration happened in applications for variation of permission.
The regulator should decide on approved persons applications – under both SMCR and for appointed representatives – within three months. The threshold in each section for a green grade is
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