MiFID II Applications
Firms impacted by MiFID II should apply now for authorisation or for a variation of permission (VoP), otherwise they risk being unable to operate when MiFID II takes effect on 3 January 2018. For further information click here for the MiFID II Application & Notification Guide.
UK authorised firm wishing to passport activities under MiFID I should submit passport applications through Connect. Firms wishing to passport under MiFID II (MiFID II authorised or application for MiFID II activities) can do so from 31/07/17 to 2/01/18, by completing the relevant MiFID II Passporting forms and sending them to MiFID.Passport@fca.org.uk.
Payment Institutions and E-Money Institutions
Existing payment institutions (PIs) and e-money institutions (EMIs) will be able to apply for re-authorisations or re-registrations on CONNECT from the 13th October 2017.
To ensure that applications from EMIs and PIs can be determined in advance of the 13th July 2018, the final deadline for the submission of complete re-authorisation or re-registration applications for those firms is the 12th April 2018.
To ensure that applications from Small Payment Institutions can be determined in advance of the 13th January 2019, the final deadline for the submission of complete re-registration applications for those firms is 12th October 2018.
Please review our webpages for PIs and EMIs for further information at www.fca.org.uk.