Consultation response

Licensing, Compliance and Enforcement Policy: Consultation Response

This response sets out our position in relation to the consultation around proposed changes to our Licensing, Compliance and Enforcement Policy.

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Published
23 June 2022

Last updated
22 June 2022 - Changes

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Contents

• Licensing, Compliance and Enforcement Policy: Consultation Response

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• Executive summary
• Introduction
• Summary of responses - Licensing changes
• - Proposal 1: Policy position in relation to dual regulation products
• - Proposal 2: Changes to complete applications
• - Proposal 3: Clarification of relevant persons
• - Proposal 4: Timescale for using licence
• - Proposal 5: Clarification of suitability criteria
• - Proposal 6: Clarification of financing arrangements
• - Proposal 7: Addition of new examples to update the Commission about
• - Proposal 8: Minor updates to reflect minor changes to processes in the policy
• Summary of responses - Compliance changes
• - Proposal 9: Remote assessments
• - Proposal 10: Assessment framework
• - Proposal 11: Special Measures
• Summary of responses - Enforcement changes
• - Proposal 12: Commencing a review of an individual licence
• - Proposal 13: Financial penalties
• - Proposal 14: Suspension
• - Proposal 15: Regulatory settlements

Summary of responses - Licensing changes

Contents

1. Proposal 1: Policy position in relation to dual regulation products Proposal 1 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.
2. Proposal 2: Changes to complete applications Proposal 2 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.
3. Proposal 3: Clarification of relevant persons Proposal 3 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.
4. Proposal 4: Timescale for using licence Proposal 4 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.
5. Proposal 5: Clarification of suitability criteria Proposal 5 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.
6. Proposal 6: Clarification of financing arrangements Proposal 6 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.
7. Proposal 7: Addition of new examples to update the Commission about Proposal 7 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.
8. Proposal 8: Minor updates to reflect minor changes to processes in the policy Proposal 8 of the Licensing, Compliance and Enforcement Policy consultation response, including the consultation question, respondents' views, and our position.

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Introduction - Licensing, Compliance and Enforcement Policy Next section
Summary of responses - Licensing, Compliance and Enforcement Policy (Compliance changes)

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Last updated: 22 June 2022

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