It is vital your society keeps up to date with its annual returns to the FCA. THIS IS A LEGISLATIVE REQUIREMENT. Failure to comply with this requirement could result in prosecution and permanent deregistration of your society.
Watch our short video below to learn more.
You can check your societies status with the FCA and download any previously filed documents via the FCA Mutuals Register.
If you have any concerns about your societies FCA compliance or need any guidance or advice please contact your FSA Network Manager.
The FCA has launched a new online portal for mutual societies.
The portal is a gateway to the Mutuals Team and provides a quicker and easier way for societies to manage their information, submissions and applications. Mutual societies can now complete tasks online that were previously managed via post or email. This will enable faster responses to applications and submissions, as well as giving societies access to live information.
Societies can also retrieve certain documents from the portal for free, which there was previously a charge for.
Societies registered under the Co-operative and Community Benefit Societies Act 2014 can use the portal to:
- Submit annual returns and accounts
- Register changes to a society’s address
- Retrieve recent society documents
And societies registered under the Co-operative and Community Benefit Societies Act 2014 can also use the portal to:
- Submit applications for rule amendments
- Record charges
Society secretaries will receive information on the portal in the post prior to their annual return submission deadlines, but can also register earlier by visiting societyportal.fca.org.uk.
The aim of the portal is to make it easier for mutual societies to work with the FCA.
Full guidance on the FCA portal can be downloaded below.