The FCA’s operating metrics from the quarter to end March 2025 shows 13 green, 3 amber and just one red – which was due to just one application (an MLD5 registration) being determined after the statutory deadline. 348 applications for Part IVA permission were determined during the period, and a total of over 3,000 SMCR/Approved person applications. Over 300 change in control applications were determined in time (100%), and 100% of almost all types of E-money and payment application were also determined within deadlines.
