CP18/19: Introducing the Directory

Open consultation: CP18/19
04/07/2018
Consultation closes
05/10/2018
05/10/2018
Policy Statement
Winter 2018

We are consulting on proposals to introduce the Directory - a new public register for checking the details of key individuals working in financial services.

Read CP18/19 (PDF)

The Directory will include information available through the FS Register, as well as information about a wider group of individuals. CP18/19 sets out our proposals for how we plan to do this following commencement of the SM&CR. We are seeking feedback on:

  • which individuals to include on the Directory
  • what information we should publish about each person
  • when firms need to submit and update information about their employees

Our aim is to help protect consumers and firms by making it easier to check whether individuals work for an authorised firm.

Our proposals are designed to make the Directory user-friendly for consumers and firms. It will also draw on information published on the FS Register making it easier to search the FS Register.

Alongside the consultation paper, we have published a basic prototype version of the Directory. This is interactive so you can see how the Directory could work and leave feedback. The hand icons show the interactive elements.

Prototype link

Password [email protected];

If you experience issues accessing the prototype due to network restrictions, you can view the screens in PDF format.

Following the consultation, we will user test the design with firms and consumers to make sure it is user friendly.

Who this applies to

These changes affect all authorised firms in scope of the SM&CR and their employees. This includes banking firms, insurers, other firms authorised to provide financial services under the FSMA, and appointed representatives (AR) acting as agent for FCA authorised firms.

What you need to do

Please send us your comments by 5 October 2018.

Online response form

You can also:

  • email your responses to [email protected]; or
  • write to: Peter Curtis, Financial Conduct Authority 12 Endeavour Square London E20 1JN

Next steps

We will consider all the feedback we receive and, subject to the outcome of the consultation, aim to publish final rules in the winter. Final system testing would then take place before firms submit their information for the Directory.