SUP 16.10 12Verification of firm details13

The effect of SUP 16.1.1 R is that this section applies to every firm except:

1. (1)

   an ICVC; or

2. (2)

   a UCITS qualifier; or

3. (2A)

   an AIFM qualifier; or6

4. (3)

   [deleted]12

   4
5. (4)

   a dormant account fund operator.4

Firm details are13 used by the FCA10 :

1. (1)

   to ensure that a firm is presented with the correct regulatory return when it seeks to report electronically;

2. (2)

   in order to communicate with a firm;

3. (3)

   as the basis for some sections of the Financial Services Register;20 and

   20
4. (4)

   in order to carry out thematic analysis across sectors and groups of firms.

In view of the importance attached to firm details13, and the consequences which may result if they are13 wrong, this section provides the framework for a firm to check and correct them13.

5If the FCA's20 information technology systems fail and online submission is unavailable for 24 hours or more, the FCA20 will endeavour to publish a notice on its website confirming that online submission is unavailable and that the alternative methods of submission set out in SUP 16.3.9 R20 should be used.

5Where SUP 16.10.4AR (3) applies to a firm, GEN 1.3.2 R (Emergency) does not apply.

The firm details are made available to the firm when the firm logs into the appropriate section of the FCA’s website. The firm should check the firm details and send any corrections to the FCA.15 The FCA’s preferred method of receiving corrections to firm details is by the online forms available at the FCA’s website.

A firm may check, and submit corrections to, its firm details13 more frequently than annually.