The FCA is to launch a new look online invoicing portal on 12 April which will allow users to access their invoices and arrange payment of their fees.

The existing portal will no longer be available after 31 March meaning a gap until the new portal launches on 12 April.

The regulator says firms should continue using the existing invoicing online portal for now.

The FCA says it will continue to provide regular communication on its plans.

Users will be able to access the online portal using their Connect log in details after launch. Connect is the online system used to submit applications and notifications. 

Users who have not yet registered for Connect will be set up with an account to access the new invoicing portal.

The watchdog says that users will not be able to view or download invoices paid before 31 March 2021 in the new portal, so are encouraged to download these ahead of April. Users that currently receive a soft copy of their invoice with their invoice notification will continue to do so.

The new portal is part of the FCA’s upgrade of its internal finance systems and is designed to improve efficiency and effectiveness.