FCA Application

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We specialise in FCA regulations, Fintech and AI for Investment Managers, Hedge Fund Managers, Venture Capitalists, Wealth Managers, Broker-Dealers.

In addition to specific FCA authorisation support, our London-based team of U.S. consultants can support SEC, CFTC and FINRA registration.

This dedicated team provides regional U.S. Securities and Exchange Commission (SEC) regulatory support to European investment managers and advisers doing business in the U.S. and attracting U.S. investors.

Getting FCA Authorised

We work with you to draft your detailed FCA application pack and where relevant, meet with the regulator before the formal submission of application material.

We will also provide guidance on regulatory expectations, licence type and will draft technical and pragmatic responses to address the regulator’s due diligence throughout the process. 

50+ Fund Managers Advised

10+ Successful Representations

10+ Consultants

Financial Conduct Authority (FCA) Authorisation

Meeting the threshold conditions does not have to be daunting or difficult. Your subject matter expert will assist you to navigate the twists and turns on the road to FCA registration or authorisation

 

Change in Control (CIC) Application

Need FCA approval to change control in your firm or of a target firm? We aim to have the application deemed 'complete' as quickly as possible. Making the process of change faster

 

Variation of Permission (VOP) Application

When you want to change or add to your regulated activities, we can advise and provide hands-on support through the whole variation of permission process. Including fielding follow-ups from the FCA

 

Agent and Distributor Application

We are here on your journey to authorisation, helping you onboard with the principal by providing support. From providing the right documentation, to assisting to complete submission forms, interview preparation and answering follow-up questions

 

Appointed Representative Support

If you have appointed, or are looking to appoint an AR, we understand the responsibilities and can perform due diligence on prospective ARs and assist with ongoing monitoring and oversight of appointed ARs

 

Anti-Money Laundering (AML) Registration

Registering for supervision under the money laundering regulations is a compliance requirement for the majority of financial services businesses. We will help you provide the detailed and accurate information expected by the FCA

 

Senior Management (SM) (Individual Applications)

The Senior Management & Certification Regime (and its many processes and requirements) applies to many regulated firms.

Card Scheme Applications

Applying to be a principal member of either Visa and Mastercard can be a rigorous process. We can help prepare operational procedures to take the stress out of the application

 
How do you make the process of FCA authorisation easier?

We know and understand what the regulator is looking for. We can preempt the pitfalls and provide good guidelines for your regulatory business plan, as well as making sure your policies and procedures are in place before you apply.

This means, not only does the submission process run smoothly, but FCA follow-ups are kept to a minimum, which saves you countless admin hours.

If the FCA does request more information or further explanation, we know how to respond in a way that does not open the door for more scrutiny – something that comes from years of FCA authorisation experience across every financial services sector.

How can you speed up my time to market?

We understand the FCA inside out and provide FCA authorisation services to make your application journey (and therefore speed to market) faster and easier. We will work alongside you to get your documentation ready, prepare your submission, and handle any follow-ups. 

We can provide as much, or as little, support as you need with an approach that suits your business. By taking advantage of our extensive experience in this field, you will get your regulatory responsibilities tied up easier and your proposition to market faster.

What do I still need to be responsible for?

This will differ, depending on your business activity and sector. For example, if you are in the e-money sector, the regulations require you to have an MLRO + 2 UK-based key individuals to act on your behalf. 

What do I need to have in place to start the FCA application process?

Your business must be more robust than just an idea to bring to market. The firm must have identified 2 key individuals in the UK to operate the business. Have appropriate funding and capital and a thought-out solution. The FCA may also request a review of Fintech platforms.

What sets you apart from others financial services compliance consultancies?

We have knowledge and experience in FCA authorisation services spanning over a decade and across all verticals within financial services. We have undertaken over 1000 applications. We simplify the process and make authorisation a smoother ride.

How much will it cost to use your services?

We offer three FCA authorisation service levels, depending on the amount of support you need from us:


Level 1:
 For firms who have been through the FCA authorisation process before and have a good understanding of what the process looks like. We can give your application pack a once-over and ensure everything is in line with FCA expectations and requirements. 


Level 2:
 You can take advantage of our suite of compliance policy and procedure templates to put your FCA application together. We will then review and feedback so you can make changes ahead of submission. 


Level 3:
 This is for new firms who have limited experience in FCA applications and require unlimited advice and support. It often involves assisting with drafting the application, providing and assisting with policy and procedure documentation, plus unlimited help and advice to submission and during the FCA follow-up process.

How long will it take to become FCA authorised?

Right now, on average it takes 9-12 months.

What happens if I do not become authorised?

Unless a firm benefits from an exemption (such as being an appointed representative – AR), it is a criminal offence to conduct regulated activity without authorisation.

How much capital do I need to become FCA authorised?

The capital requirement is based on your permissions and activities. Just before authorisation, you will need to show the FCA that the business has adequate capital, plus you will need additional capital to ensure that you can meet the capital requirement for at least the first three years of authorisation.

Do you provide contracted compliance officers?

We do not provide compliance officers, however we work very closely with trusted recruiters who can help you source appropriate individuals, we will be happy to put you in touch.

Can you introduce us to any third parties we may need on the road to authorisation?

Yes, we have a number of trusted parties, from compliance officers to IT consultants.