Notify us of entry into contractual run-off

Find out how to notify us that your firm has entered the contractual run-off (CRO) mechanism of the financial services contracts regime (FSCR).

If your firm doesn’t have a UK branch and previously passported into the UK, you must notify us that your firm is carrying on a regulated activity or providing payment e-money services in the UK in the CRO.

This applies to the types of firm below:

  • credit institutions
  • Solvency 2 insurers
  • investment firms
  • AIF managers
  • UCITS management companies
  • insurance distribution firms
  • mortgage intermediaries
  • firms that qualified for authorisation under Schedule 4 to FSMA
  • payment institutions
  • registered account information service providers
  • electronic money institutions

How to notify us of entry into CRO

If you’re one of the types of firm above and do not have a UK branch, you must notify us (as set out in the relevant direction below) as soon as possible after entering CRO – and within a month of becoming aware of an obligation under a pre-existing contract:

Please complete a CRO notification form and email it to [email protected].