Transcript Document

FCA/APCC liaison meeting
9 June 2014
1
Agenda
• AIFMD – update/key messages (Susan
Tyldesley)
• Update on Connect (Arlene McDermott)
• Feedback from April event/APCC
September forums – progress to date
• Contact Centre – introduction (Sarah
Bax)
• AOB
2
AIFMD update/key messages
3
•
Current volumes
•
Information still outstanding (missing information, other information)
•
Marketing and management passports
•
Applications received before 22 April 2014
•
Recent communication exercise to firms still waiting to hear from case
officer
•
Reminder to firms that if they intend to delay their application until
nearer 22 July 2014 they will need to be compliant with all AIFMD
implementing requirements at 22 July. Applications deemed materially
incomplete after that date may result in disruption to firm’s business
•
AIF Schedule
•
Quality of applications
Update on Connect
Arlene McDermott
4
Feedback from APCC September
forums and progress to date
Key issues:
•
•
•
•
•
•
5
Consistency of approach/better questioning – ongoing focus for
Permissions managers
Comms (prior to allocation) – de-prioritised due to resourcing issues
but there is renewed focus on this
More sector specific guidance/better web layout – work is ongoing on
this
Early doors meetings – now taking place more regularly
Better engagement during case life – case officers being encouraged to
engage in a variety of methods and training being delivered
Managing expectations better (i.e. when a case is
complete/incomplete) – considerable work done on this with case
officers to ensure consistency of approach (feedback would be helpful!)
Contact Centre
Sarah Bax
6