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Financial Services Regulatory Compliance - Global consulting

FCA authorisations and approvals

The FCA application authorisation is arguably the most important step any business can take. This is the first opportunity for your business to introduce itself to the FCA and commence the regulatory relationship appropriately. The FCA will endeavour to understand the business model and future strategy of the firm which will detail the level of risk which could be posed to the consumers, customers and the integrity of the market.

The level of FCA review will be determined by the degree of risk, complexity, completeness and quality of information provided in the application submission. Any incorrect or omitted information could jeopardise the application process, therefore it is imperative your business submit an appropriately detailed application form to the FCA. The application submission should not only provide detailed explanations of the business but also an informed understanding of the regulatory environment and its complexity.

We have advised on and undertaken a wide variety of FCA authorisation applications and approvals. Our approach will be to project manage the FCA authorisation application with our regulatory expertise and experience.

Our approach:

  • Providing guidance and advice on the appropriate regulatory licences to be applied for;
  • Prepare and collate the required application documents including the business case and other documentation;
  • Review application documentation for submission;
  • Submit the application form to the FCA; and
  • Assist in preparing the responses to the FCA questions on the application submission.

We have also assisted in a variety of related authorisation matters such as business analysis including regulatory compliance gap analysis, policy gap analysis, corporate governance arrangements, risk management, recruitment, compliance monitoring, compliance training, senior management and approved persons training amongst others.