Members are advised to check they have adequate Financial Conduct Authority (FCA) permissions for the activities undertaken, and cancel any not being used to avoid fines.
Checking FCA permissions is incorporated in the BVRLA governance programme audit.
Where a firm fails to pay its regulatory fees, submit returns, or complete annual declarations, the FCA may view these as indicators of a lack of regulated activity, which may also lead to permission being removed.
Direct any questions to [email protected].
