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          • Notifications

The Financial Services and Markets Act 2000 (FSMA) requires notification to the FSA of changes and additions across a wide range of regulatory processes addressing a variety of functions. The standards below relate to the timescales involved with processing or responding to these notifications.

Results table

The following table covers the period 1 April 2008 to 30 September 2008. For a full listing of the current service standard portfolio see Currently applicable standards.

For a more detailed explanation of what a given standard means, click on its ID.

ID	Standard	Target	Performance	Cases met/applicable
N1.1	To process a complete notification for Appointed Representative status	100% within 5 working days of receipt	(100 %)	11036 / 11036
N2.1	To process a complete post-event notification to change the FSA's static data on a regulated firm	95% within 5 working days of receipt	(98.7 %)	6650 / 6741
N2.2	To process a complete pre-event notification to change the FSA's static data on a regulated firm	95% on or before the date requested by the firm	(100 %)	310 / 310
N3.1	To notify the firm of the applicable provisions if they are an EEA firm wanting to establish a branch in the UK	100% within 2 months of receipt	(100 %)	19 / 19
N3.2	To notify the firm of the applicable provisions if they are an EEA firm wanting to provide services in the UK	100% within 2 months of receipt	(100 %)	316 / 316
N4.1	To inform the firm if a consent notice will not be issued for a UK firm wanting to establish a branch in the EEA	100% within 3 months of receipt	(100 %)	91 / 91
N5.1	To provide a copy of the notice of intention to the host state regulator if a UK firm expresses the intention to provide cross-border services in an EEA country	100% within 1 month	(100 %)	567 / 567

 

Performance key
Not met Under 90% of target	Not met 90% of target or above	Met Target achieved	No applications No requests received

 

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