Enhanced Authorisations Approach to some Applications

3rd March 2022

This notice is to provide notification that, in light of the war in Ukraine, any application involving individuals, entities or investments connected with Russia is ineligible for consideration through any of the Commission’s fast-track application regimes.  The Commission will expect any application to be accompanied by reputable legal advice confirming the individuals and entities involved have no connection with sanctioned individuals and entities and thus remain eligible to conduct lawful financial services business.  The Commission will look to conduct its own due diligence on any advice submitted.