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FCA Authorisation for Firms

FCA Authorisation

FCA Authorisation, Registration, Certification or Licencing is a very involved process requiring you to know not only your business, but also how your business works and the risk areas it is likely to be impacted by.

FCA/PRA Authorisations

Fixed Price Authorisations – monthly payment available.

Assuming that your activity falls under the regulated activities of the Financial Services & Markets Act 2000 (as amended) and you have sufficient experience of the industry you want to operate in (i.e., at least 2 years) and are of good standing professionally and financially, then you should have few issues. The main challenge many face is understanding the regulatory terms and industry jargon. We cannot be responsible for your competence and if your application is rejected for these reasons our final payment is still payable.

We are qualified compliance specialists capable of handling you application from start to finish. Our fixed price quote includes all policies and an annual compliance monitoring plan as required by the regulator. All forms will be completed on your behalf (excluding electronic signatures etc) unless you have already done so. Plus we will answer any questions before submission and throughout the approval process. All regulator questions and requests for explanations throughout the approval process at no extra charge.

DO YOU WANT...

Qualified Compliance specialists?

Handling your application (at least QCF Level 6)

Typical policies completed and provided?

As required by the regulator for the application to be accepted.

All forms completed?

All to be done on your behalf

Help completing?

Complete the Regulatory Business Plan.

Your questions answered?

Questions answered before and after submission, at no extra cost.

FREE Submission?

Application submitted, with all documentation uploaded correctly.

Recommendations?

Wording for answers, to explain regulatory based questions from the FCA.

Explanations?

Requests explanations throughout the approval process at no extra charge.

Professionals?

Project management of the whole process.

Ongoing compliance support?

Support offered post authorisation if needed.

CALL US TODAY ON 0800 689 0190

We offer you a simple fixed fee…

…once we have a good idea of your business complexity.

DON’T GET CAUGHT OUT!

The quotations you encounter could appear very attractive! However, this is often for only the basic service.

When the regulator asks for certain company policies, or governance, for operating the business (and they will), your consultancy will often charge you additionally by the item. When the FCA asks questions that you may need assistance with before responding, they will start the “charging clock” often up to £300 per hour or more.

When the regulator asks a question of your company and your case manager does not understand what is being asked, or is not adequately qualified to interpret the rules, they either answer incorrectly or refer to a senior manager who may be able to help at extra unseen cost to you.

ACCREDITED PROFESSIONAL

More about our services and how we can help you.

I am a Chartered Fellow of The Chartered Institute of Securities & Investments

(Chartered FCSI), The City of London’s (and global) leading financial services organisation. I hold the Compliance Diploma and I manage or oversee all authorisation applications for the company. You cannot be more highly qualified.

We typically deal with a number of authorisation applications from CCA, PSD, EMIs and Retail through to larger insurance companies and we offer you a simple fixed fee, once we have a good idea of your business complexity.

Certain details need to be understood by us before starting your application as these will be critical to your application, along with details of any proprietary or bespoke software and web portal used for client access as well as any agents or representatives you may be using.

We don’t blab about our clients but some find comfort in requiring us to operate under a “Non-Disclosure Agreement”.

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FIXED PRICE

IF YOU HAVE A DETAILED AND ROBUST REGULATORY BUSINESS PLAN, AND YOU HAVE COMPLETED ALL OF THE NECESSARY FORMS VIA THE FCA CONNECT SYSTEM, COSTS START AT £4,000 FOR AN AUTHORISATION. THIS CONSISTS OF AN UP FRONT PAYMENT AND THE REMAINDER ON SUBMISSION AND THEN FINAL AUTHORISATION.

TEMPLATE DOCUMENTS

We can provide templates to assist you.

If your business plan is not as content rich as you think it may need to be… Don’t worry, we can factor the cost into your package. We will provide the normal policy documents (up to 10) and the compliance monitoring procedures as required and/or requested by the regulator dependent upon your business model. All for a FIXED PRICE.

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DOWNLOAD OUR FREE BROCHURES

We offer a range of free literature to help you make a start on your FCA compliance and provide useful insights.

Have a question?

TALK TO ONE OF OUR SPECIALISTS

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