Context
This item was included within the FCA’s Regulation Roundup which was published on 15th July 2021. The FCA will begin deleting any draft applications within the Connect system which have not been modified for 120 days.
Key points to note
- From 6th August 2021 the FCA will begin deleting draft Connect applications that have not been modified in the last 120 days (since 8th April 2021).
- If firms no longer want to proceed with the applications, they don’t need to do anything.
Next actions
If your firm has any draft applications that were started before 8th April and which have not had any changes or modifications made since then, and which you still wish to submit, you should log into the Connect system and progress the application before the 6th August.