Context
The FCA has updated its “Forms: change or cancel an approval for a controlled function” web page to update the process for using and submitting a Form B (withdrawing an approval application that is in progress). The Form B has traditionally needed to be submitted on ‘paper’, not using the FCA Connect system.
Key points to note and next actions
If firms want to withdraw their application after submitting it, they will need to use Form B, the candidate must consent to the withdrawal.
To withdraw a:
- Form A application, submit Form B via Connect.
- Form E or Form I application, download and complete Form B (PDF), and email it to your case officer.
Disclose withdrawn applications
- If the application is withdrawn, no formal assessment of the candidate’s fitness and propriety will have been undertaken. The FCA will not publish the information but will hold it internally. The FCA would expect the candidate to disclose the withdrawal on any future applications.