From 9 December 2019, MIFID investment firms and optional exempt firms will need to use a new form to submit information to the Financial Conduct Authority (FCA) when appointing Non-SMF Directors to, or withdrawing them from, their management body.
If a firm’s management body changes, they will need to download the form, complete it and email it to NonSMFNotification@fca.org.uk. This is a temporary process. From Q1 2020, you will be able to submit the form via Connect, the FCA’s online platform.
Any firms who don’t currently have access to Connect should prepare by registering now.