Lapsing of Licence Mag. Peter Arlits

Peter Arlits lapsed effective 1 October 2026. While this is an individual licensing matter, it carries important reminders for compliance teams. Firms should immediately verify whether they have any existing business relationships, referral arrangements, or outstanding transactions involving this individual.

If any such ties exist, they must be terminated promptly and legal advice sought to mitigate potential regulatory breaches. Additionally, this serves as a prompt to review third-party due diligence and ongoing monitoring procedures. Ensuring that all intermediaries, agents, and counterparties hold valid licences is a fundamental compliance obligation.

The FMA's public notice underscores the importance of regularly checking the FMA register and other regulatory databases. No systemic risks are indicated, but the lapse highlights the need for robust onboarding and periodic re-verification controls. For most firms, the direct impact is minimal, but the reputational and regulatory consequences of overlooking such changes can be significant.

Compliance teams should use this as an opportunity to reinforce their licence monitoring frameworks and update internal records accordingly.