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Home > Prudential Regulation Authority > Amending/withdrawing an approval
 

Amending/withdrawing an approval

Approved Persons  |  Submitting, assessing and determining an approved persons application  |  Amending/withdrawing an approval 

All firms other than credit unions must submit all applications via the Connect system to amend or withdraw an approved person. The only exception to this is the Form B (notice to withdraw) which must be submitted in paper. Under certain circumstances firms can gain an exemption from submitting via Connect by contacting the FCA Customer Contact Centre.

All application documents required for amending and/or withdrawing an approved person can be found below under Key Resources.

Withdrawing an application which is in progress (Form B)

Firms may withdraw their application at any stage of the assessment process by submitting a Form B. This form must be countersigned by the individual concerned.

Notice of ceasing to perform controlled functions (Form C) 

This notification must be used when an approved person ceases to perform one or more PRA Controlled Functions at the firm. If an approved person ceases to perform Controlled Functions in respect of a number of firms within the same group, a single notification may be used, ensuring all firms are selected.

Firms must submit the notification via the Connect system, no later than seven business days after an approved person ceases to perform a Controlled Function.

Notification of changes in personal information or application details (Form D)

This Notification must be used to inform the PRA of changes in the personal details or fitness and propriety of an approved person.

Firms must submit the notification via the Connect system. Where a person is an approved person in respect of a number of firms within the same group, a single form may be used, ensuring all firms are clearly marked on the form.

Key Resources

Form B - Notice to withdraw an application to perform controlled functions under the Approved Persons Regime

Form C - Notice of ceasing to perform Controlled Functions

Form D - Notification of changes in personal information or application details

Form E - Internal transfer of an approved person

Form F - Changes in notified persons

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