Fund Distribution Alert 2021-12

Fund Distribution Alert 2021-12

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Said Fihri

Partner, ADV – Investment Services

KPMG in Luxembourg

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FCA launches new online invoicing platform

The Financial Conduct Authority (“FCA”) announced on 4 March 2021 the launch of a new online invoicing portal starting 12 April 2021. This new portal will enable users to access their invoices and make relevant fee payments such as e.g. annual fees directly via the portal.

Once  launched, users will access the portal using their Connect log in details, i.e. the same online system that is used to submit applications and notifications to the FCA (e.g. the portal which has been used for TMPR submissions for EEA UCITS and AIFs, and NPPR notifications).

The FCA confirms that if firms have not registered for Connect they will be set up with an account to access the new invoicing portal soon. Firms will be expected to log in with their firm reference number (FRN) and assign a preferred e-mail address to receive invoices.

Registering in advance online is possible via this link. In order to do so, firms will need a unique validation code which you should be requested by email from fcafees@fca.org.uk.

The communication from the FCA is available here.


Please note that any information provided is general in nature, is based on the latest publicly available information as analyzed on a best endeavor basis and does not constitute any specific legal opinion or advice.

Contact

Said Fihri
Partner
+352 22 51 51 7892
said.fihri@kpmg.lu


Stephanie Zedda
Director
+352 22 51 51 7271
stephanie.zedda@kpmg.lu

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