Using Connect to submit EMIR notifications and applications

FCA authorised firms will likely already have a Connect firm profile for other FCA submissions. If the individual(s) who will be responsible for submitting the EMIR forms already have a user profile, they can use that existing user profile.

If you require an additional user profile, your firm’s Connect Principal User can create an additional Connect access for the individual(s) who will be responsible for submitting the EMIR forms.

Alternatively, the individual(s) responsible for submitting the EMIR forms can create a new user account on Connect not linked to the firm profile. You will then need to ask your firm’s Connect Principal User to link your new user profile to the firm’s central account. Doing so will ensure that all the information related to your firm is linked to your firm’s Connect profile. Please follow this link[1] to understand how to create a user profile.

This is most likely to be the case if you are a non-financial counterparty who is required to submit an EMIR notification or application.

From 10 February 2020, non-financial counterparties will need to be enrolled (with a firm profile) on Connect, in order to submit the relevant EMIR notifications and applications.

For queries on the registration and notification process, please contact our Contact Centre[3].

To create a new firm profile on Connect, non-financial counterparties should select the following options from the Connect main page and follow the relevant instructions on those pages, completing the relevant information:

• Go to the FCA Main Connect page[4]
• Click 'Start an Application'
• Click 'Authorise or Register a New Firm'
• Click on 'Non-regulated Firm Enrolment'
• Click on 'Start Application'
• Complete the relevant details, ensuring the correct firm LEI is included, or if an LEI is not available, the full legal name of the firm
• Details of the Principal User (including details of the person of appropriate seniority) should also be completed accordingly
• Once you have completed all the relevant details, click 'Submit Application'

Once submitted, the FCA will need to review and approve the details submitted before a firm Connect profile can be used to submit EMIR notifications. The FCA has 7 business days to review the firm enrolment details and firms will be notified once the profile has been approved.

Firms should consider the 7-day period for the FCA to review new firm Connect profiles when submitting EMIR notifications and applications, particularly if such applications are required before a relevant date.

This change also applies to non-financial counterparties who have already submitted notifications and applications via the FCA’s Connect system and who do not have an approved firm Connect profile. Those firms must create a new firm Connect profile in order to continue using Connect to submit EMIR notifications and applications.

Follow this link[6] to understand how to create a user profile.

From 10 February 2020, all firms who are required to submit an EMIR notification or application are required to be enrolled (and create a firm profile) on the FCA’s Connect system. As a result, all firms will no longer be able to manually enter firm details when submitting an EMIR notification or application. A search functionality has been added.

Firms will need to ensure their firm’s Connect profile includes at least one of the following search functionalities:

• Firm Reference Number (FRN)
• Legal Entity Identifier (LEI)
• Firm Name (full legal name)