| Link(s): | FCA Authorisations operating service metrics 2023/24 Q3 | FCA Authorisations operating service metrics 2023/24 Q3 table (fca.org.uk) |
Context
The FCA reports its authorisations metrics every quarter to provide greater transparency of its performance. This data covers October to December 2023.
Key points to note and next actions
Overall, the FCA’s authorisations performance shows 9 metrics are green, 6 are amber and none are red.
97.8% of applications across all metric areas were determined within the statutory deadline.
Specifically:
- SMCR Approved Person applications completed within 3 months – 98.6% (Q2: 95.8%)
- AR Approved Person applications completed within 3 months – 94.7% (Q2: 96.1%)
- New firm authorisations completed within 6 months (or 12 months where the application was determined to be incomplete) – 95.6% (Q2: 93.9%)
- Variation of Permissions completed within 6 months (or 12 months where the application was determined to be incomplete) – 98.8% (Q2: 98.4%)
- Change in Control applications completed within 60 working days of acknowledgement of receipt – 99.6% (Q2: 99.1%)