Context
The FCA has updated its web page in relation to multi-factor authentication (MFA) to confirm that, from mid-June 2024, MFA will also be used to verify firms’ identity when firms call the Supervision Hub, using a one-time passcode sent by text message. In a communication sent to the Association of Professional Compliance Consultants (APCC), the FCA stated that “Security is at the heart of our technology and data platforms.”