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Changes in authorisation & How we can help you

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Presentation on theme: "Changes in authorisation & How we can help you"— Presentation transcript:

1 Changes in authorisation & How we can help you
Rachel Lewis - Director of Authorisation & Contact Centre Siobhan Chambers - Senior Authorisation Advisor

2 Introduction Decisions on new firm applications made in September 2015 took an average of 1.6 months In January 2014, the average was 4.2 months

3 What has already changed
Multi-Disciplinary Practices Simplified forms for changes in legal entity and Legal Disciplinary Practices Better and more targeted use of external background checks Accounts Rules

4 Future Changes Deemed approved COLP/ COFAs for small firms
Sole Practitioner changes Separate Business Rule Managers in ABS corporate owners no longer need to be separately authorised

5 Future Changes Cont. Simplified firm application form (FA1 form)
Simplified candidate declaration sign off Updated website and guidance Accounts Rules

6 What else is planned? Post authorisation satisfaction survey
Accounts Rules phase 3 Online forms

7 An example of what is possible
Joint ventures Other Types of Model MDPs Local authorities and trade unions e.g. ABS Structure

8 How we can help? Pre-application engagement Advice on Accounts Rules
Advice on qualifications Renewals


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