FCA operating service metrics 2022/23 table [pdf]

In an effort to enhance transparency over its supervisory activities, the Financial Conduct Authority (FCA) has published an updated Operating Service Metrics. The matrix sets out how well the Authority has met and is meeting its self-defined standards for the processing of notifications and applications of firms during the Authority’s supervisory years 2021, 2022, 2023 in terms of time required for the processes – please see the note below in the comments section.
Thereafter, off-target are still the following processes:
– applications to receive an approved person status;
– applications for authorizations under the Payment Services Regulations 2017 and the Electronic Money Regulations 2011;
– notifications for appointed representative status;
– Part 4A permissions granted to market participants;
– decision making after a proposed change in control notification;
– registration applications under the Payment Services Regulations 2017;
– the notification of UK agents of payment service providers.
Please note that we have not included any processing of letters, requests for information, and other non-regulatory duties of the FCA.