Association of Professional Compliance Consultants

The body for compliance consultants who advise firms regulated in the UK.

The APCC is active in enhancing the professional standards of compliance consultants and is recognised as a trade body by the FCA and other regulators. This provides our members with significant benefits in terms of direct access to the Regulators as well as business leads.  The APCC often works in conjunction with the FCA to pilot or test new initiatives, and we also provide with valuable feedback on specific subjects as requested by them.

MiFID II authorisation and variation of permission forms

The FCA have provided us with a draft of the suite of authorisation and variation of permission forms that will exist in a MiFID II world. Attached is an illustration showing how the forms hang together for a firm seeking to be authorised as an investment firm under MiFID II followed by a table which embeds the forms themselves.

We will be meeting with the FCA towards the end of the month so welcome your feedback on the attachment.

The FCA are still finalising their plans for opening the authorisations gateway for applications related to MiFID II. They should be sorted out in the next couple of weeks at which point we will let you.