The FCA quarterly authorisations metrics for the quarter to June 2024 shows 12 green, 4 amber and 1 red metric. The FCA says 98% of all applications were determined within the statutory deadline and that the red metric (a 5MLD – cryptoassset business – application) was because this is a low volume area for the FCA and one application was determined late. The greatest number of applications the FCA received relate to approved persons (SMCR and AR-related), but there were also nearly 1,000 applications under MLD3/4.
