The FSA launched on Monday their new on line facility for Regulated Firms.
In essence, the FSA could not cope with the 20,000 or so expected applications from Mortgage advisers / arrangers next year with the current set up. As a result, they have developed an on line system that becomes mandatory from August 2010.
You will need to register to use the service –
http://www.fsa.gov.uk/Pages/Doing/Regulated/ona/registration/index.shtml
the facility will allow you to complete and submit changes in respect of the following :
- Approved persons
- Appointed representatives
- Passports
- Variations of Permission
- Cancellations
- Waivers
- Standing Data
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I hope that the systems that the FSA have introduced are more robust than the GABRIEL system that was launched a couple of years ago and still encounters problems.
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