YOUR COMPLIANCE MATTERS – Multi-factor authentication to access FCA’s systems

YOUR COMPLIANCE MATTERS – Multi-factor authentication to access FCA’s systems

Relevance:                   All Firms.

Action required:           Awareness only; starts up in January 2023.

The FCA is introducing “multi-factor authentication” to strengthen how firms and others log into their systems and will also help to protect and control access to data they hold.

Multi-factor authentication

Multi-factor authentication ensures only you access your accounts.

You’ll need to enter a one-time passcode each time you log into:

·          Connect – from 20 January 2023

·          Reg Data – from 20 January 2023

·          Online Invoicing (Fees Portal) – from 20 January 2023

·          Shared Intelligence Service (SIS) – from 20 January 2023

·          Electronic Submission System (ESS) – from 16 February 2023

 You don’t need to take any action now as you will be prompted to turn on multi-factor authentication when you attempt to log in from 20 January 2023; we understand that this will “be quick and easy”.

 Further information to help you understand the new process can be found using the following link to the FCA webpage:

 Multi-factor authentication for FCA systems | FCA​

 If you need any further guidance, please call us and we will be happy to provide more help.