Context
The FCA reports on its authorisations metrics for each quarter, to provide greater transparency of its performance. This latest data covers the quarterly period from April to June 2024 (Q1 2024/25).
Key points to note and next actions
The performance data shows 11 metrics are green, 4 are amber and 1 are red, with 98% 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: 99.4% (Q4=98.7%)
- Approved Persons (CF–ARs) applications completed within 3 months: 96.3% (Q4=95.3%)
- Variation of Permission applications completed within 6/12 months: 100% (Q4=99.3%)
- New firm authorisations applications completed within 6/12 months: 96.8% (Q4=97.4%)
- Change in Control applications completed within 60 working days of acknowledgement of receipt: 100% (Q4=99.7%)