| Link(s): | FCA Authorisations operating service metrics 2023/24 Q4 | FCA Authorisations operating service metrics 2023/24 Q4 (fca.org.uk) |
Context
The FCA reports on its authorisations metrics quarterly to provide greater transparency of itsperformance. This data covers January to March 2024 (Q4 2023/24).
Key points to note and next actions
The performance data shows 10 metrics are green, 6 are amber and none are red, with 98.1% of applications across all metric areas being determined within the statutory deadline. Some specific relevant data from the report:
- Approved Persons (SMF) applications completed within 3 months: 98.7% (Q3=98.6%)
- Approved Persons (CF – ARs) applications completed within 3 months: 95.3% (Q3=94.7%)
- Variation of Permission applications completed within 6/12 months: 99.3% (Q3=98.8%)
- New firm authorisations applications completed within 6/12 months: 97.4% (Q3=95.6%)
Performance data for the first quarter of 2024/25 will be published in August 2024.