The FCA’s authorisation process is already a rigorous and complicated undertaking for any new firm looking to join the UK financial services market. This process has been exasperated by external factors such as ongoing issues related to COVID 19 and Brexit, and the FCA’s stricter approach when it comes to reviewing applications.
The regulator is looking for businesses wishing to carry out prescribed ‘regulated activities’ to demonstrate that they are ‘ready, willing and organised’ to be regulated, with robust systems and controls needed to manage regulatory risks and a firm-wide understanding of the FCA’s current priorities
In this webinar, Richard Corbyn (Director, Authorisations) and Panayiotis Antoniou (Head, Risk Management and Prudential Services) discussed some of the key changes that firms looking to apply for direct FCA authorisation will face.
During this webinar, we discussed:
- What it means, in practice, to be ‘ready, willing and organised’
- The FCA’s threshold conditions for authorisation
- The FCA’s principles for business
- Changes to the FCA’s authorisation fee structure
- Changes to the capital requirements firms need to be regulated
Submit an FCA Authorisation Application with Complyport
With more than 20 years of experience as governance, risk, and compliance consultants, our Group has helped over 1,000 firms in the financial services industry to get authorised with the FCA and European Union Regulators. With this impeccable track record and our vast experience, we are well placed to advise financial services firms on FCA and EU application and authorisation best practice. We can also provide insight to ensure your FCA and/or EU authorisation is accepted with as little fuss as possible.
Within the Authorisation service, Complyport’s experts will supply your company with all its compliance documents, policies and procedures to ensure you are up to date and ready to trade once the Authorisation is successful.
Get in contact and book a free consultation meeting today by either emailing Jan Hagen via jan.hagen@complyport.co.uk or by clicking the link below:
Contact us now
About Complyport
Complyport is the City’s market leading consulting firm supporting the UK financial services industry for over 20 years. We specialise in providing Governance, Risk and Compliance services to support the regulated financial services industry to raise standards and thrive.
Complyport advises and assists firms to become authorised and to comply with the rules and requirements of regulators on an ongoing basis. Our vision is to be there for our clients every step of the way, helping them change, grow, and excel through expertise, insight, and innovation, and in so doing to become our clients’ most valued supplier and trusted advisor.
We have successfully assisted over 1000 firms to become authorised with the FCA and EU and are providing regulatory support to over 600 regulated firms on an ongoing basis globally. With presence in the UK and EU, as well as via our Associates Network, Complyport can assist firms across multiple jurisdictions.
Complyport’s multidisciplinary consultants possess deep expertise in their field, having acted in FCA skilled person reviews, as expert witnesses in legal cases and as expert investigators for firms or their legal advisers.
Day to day, we conduct audits and reviews of a firm’s products, processes, policies, and procedures to identify scope for business, to determine the impact of regulatory developments and to verify compliance with local regulations. Our clients tell us we live our values; we are driven, agile and collaborative.
