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Published byVirginia Carson Modified over 6 years ago
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Changes in authorisation & How we can help you
Rachel Lewis - Director of Authorisation & Contact Centre Siobhan Chambers - Senior Authorisation Advisor
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Introduction Decisions on new firm applications made in September 2015 took an average of 1.6 months In January 2014, the average was 4.2 months
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What has already changed
Multi-Disciplinary Practices Simplified forms for changes in legal entity and Legal Disciplinary Practices Better and more targeted use of external background checks Accounts Rules
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Future Changes Deemed approved COLP/ COFAs for small firms
Sole Practitioner changes Separate Business Rule Managers in ABS corporate owners no longer need to be separately authorised
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Future Changes Cont. Simplified firm application form (FA1 form)
Simplified candidate declaration sign off Updated website and guidance Accounts Rules
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What else is planned? Post authorisation satisfaction survey
Accounts Rules phase 3 Online forms
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An example of what is possible
Joint ventures Other Types of Model MDPs Local authorities and trade unions e.g. ABS Structure
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How we can help? Pre-application engagement Advice on Accounts Rules
Advice on qualifications Renewals
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