Between 14th February – 17th February 2023 firms will receive, via e-mail, a Financial Resilience Survey from the FCA (firms with investment business/linked to a parent firm with investment business may receive this earlier, between 7 February-10 February 2023).

If your firm receives the survey, completion is mandatory under section 165 of the Financial Services and Markets Act (FSMA). The e-mail from the FCA should confirm when the survey is to be completed by.

The FCA has proposed to replace the Financial Resilience Survey with a permanent regulatory return. This has not yet been confirmed (we are expecting an update by summer 2023) and therefore firms should continue to complete the survey in the usual way.