About the Event
Date:17 June 2026
Time: 09:30 – 12:30
We are pleased to announce an in-person Variation of Permission (VoP) seminar, hosted jointly by the Bank of England Prudential Regulation Authority (PRA) and the Financial Conduct Authority (FCA). This seminar is at the offices of the PRA, 20 Moorgate, London, EC2R 6DA on Wednesday 17 June 2026 between 9.30am and 12.30pm. Tea and coffee will be available from 9.30am.
This session is designed for dual-regulated firms and will also be of interest to advisers and professionals who support dual-regulated firms in preparing and submitting VoP applications. The seminar will provide insight into how the PRA and FCA assess Part 4A Variation of Permission applications, including the regulators’ respective roles and how they work together throughout the assessment process when a firm increases their scope of permission.
In addition, we are actively seeking feedback from industry on firms’ experience of the VoP process. We are particularly interested in understanding challenges, opportunities to improve clarity, and how the process could better support efficient and high-quality applications.
We will highlight how firms can navigate the VoP assessment process to improve the quality, clarity and completeness of their applications. The agenda will be structured around distinct themed sessions, combining regulator-led content with practical examples and reflections. The session will also share guidance to help firms address common issues encountered during the VoP process and support more efficient preparation and progression of applications.
Topics to be covered include:
• Understanding VoPs and the process
• Performance statistics and regulator changes to VoPs
• Pre-Applications and upcoming changes
• Understanding and busting common VoP myths
• Industry Feedback - Q&A session
The seminar will be hosted by senior representatives from the PRA and FCA teams responsible for the assessment of VoP applications from dual regulated firms.
Please note that this seminar is focused on VoP applications for dual-regulated firms only and will not cover applications for FCA solo-regulated firms.
There will be a feedback/Q&A session towards the end of the seminar. During registration, attendees will have the opportunity to submit questions in advance relating to the VoP application process.
Please note that attendance may be subject to a limit on the number of attendees per firm.