As part of our ongoing commitment to regulatory compliance, we would like to bring your attention to the upcoming Annual Financial Data Request mandated by the Financial Conduct Authority (FCA). For those who have been affiliated with Connect for over a year, you will have received the same request last year.
The FCA requires the submission of this information on an annual basis, and it is now time to initiate the process once again. This data request will be directed to the controller of each firm, who is expected to complete it on behalf of the entire organisation.
We will require the following information:
- Email Address
- Firm Name
- Firm Reference Number (FRN)
- Revenue Generated by Non-Financial Non-Regulated Activity.
Non-Financial Non-Regulated Activity means any revenue generated by your firm that is not related to the advice on mortgages or protection, such as, fees received from the following, but not limited to:
- Solicitors
- Accountants
- Estate Agents
The revenue received should be for the period of 1st January 2024 until 31st December 2024.
If you have not received any revenue that is not from Regulated or Non-Regulated activity, please input £0 on the form as we will still require this information.
When does this need to be completed by?
We will be sending out the online forms to be completed in the next week or so, and we will require completion by 31st January 2025.
What if I have other companies or lines of work?
We are only required to report on the firm that is approved by the FCA and is part of the Connect Network, therefore, if you have revenue generated by other firms, this is not required to be included in this report.
If you have any questions or require help completing this request, please do not hesitate to speak to the Compliance team who will be happy to help.
Regards
Alan Baldwin
Director of Compliance & Operations
For any questions or queries, contact the Compliance Team
Call : 01708 676110
Email : compliance@connectmortgages.co.uk