FCA authorisation - Complyport UK Consultancy Service

ESG Ratings Providers Brought Under FCA Oversight

The Financial Conduct Authority (FCA) has welcomed new UK Government legislation that formally brings Environmental, Social and Governance (ESG) ratings providers within its regulatory remit. This development represents a major step toward enhancing transparency, reliability and trust across the rapidly growing ESG ecosystem. ESG ratings play an increasingly significant role [...]

Less Red Tape, More Growth: How the FCA Plans to Simplify the Regulatory Landscape Following Consumer Duty

The FCA’s recent feedback statement (FS25/2) outlines an ambitious plan to simplify regulatory requirements following the introduction of the Consumer Duty. The statement highlights immediate actions and longer-term proposals aimed at reducing complexity for firms, while maintaining strong consumer protections. The FCA aim to do this by: Streamlining Regulations: The [...]

Aligning MiFID Services with Part 4A Permissions

The UK’s financial regulatory framework is complicated, with several directives and permissions in place to ensure the integrity of the financial markets. Two important components of this framework are the MiFID services and Part 4A permissions. These two often overlap but have distinct characteristics. PERG 13 of the FCA Handbook [...]

Navigating the Claims Management Landscape: A Guide to FCA Regulation and Authorisation

In today’s complex financial environment, Claims Management Companies (“CMCs”) play a vital role in assisting consumers with claims related to financial services. From mis-sold financial products to payment protection insurance (“PPI”) claims, these companies help consumers navigate the often intricate process of reclaiming funds owed to them. However, to ensure [...]

The SMF3 Role in FCA-Regulated Entities

In the ever-evolving landscape of financial regulation, the United Kingdom’s Financial Conduct Authority (“FCA”) plays a pivotal role in maintaining the integrity of financial markets and protecting consumers. One of the key components of the FCA’s regulatory framework is the Senior Managers and Certification Regime (“SM&CR”), designed to enhance individual [...]

Cryptoasset AML/CTF regime: Meeting the FCA’s expectations to register as a Cryptoasset Service Provider (“CASP”)

The popularity of Cryptoasset Service Providers (“CASPs”) has surged in recent years, driven by a combination of technological advancements, growing interest in cryptocurrencies and increased adoption by both retail and institutional investors. The role of the Financial Conduct Authority (“FCA”), the UK’s financial regulatory watchdog, in overseeing cryptoasset service providers [...]

Securing Your AIFM Authorisation: A Strategic Guide for Success

In today’s ever-changing financial industry, becoming an authorised Alternative Investment Fund Manager (“AIFM”) is a significant achievement that can open new opportunities and is crucial for both operational success and regulatory compliance. The Financial Conduct Authority (“FCA”) offers a clear pathway for firms looking to obtain this status and provides [...]

Understanding the FCA’s Threshold Conditions

The Financial Conduct Authority (“FCA”) is a regulatory body in the United Kingdom responsible for overseeing the conduct of financial services firms and financial markets to ensure they operate in a way that maintains the integrity of the financial system, protects consumers, and promotes competition. One of the fundamental mechanisms [...]

Are You Treating Your Customers Fairly?

Creating a culture of fairness in customer treatment is not just a regulatory requirement; it’s a cornerstone of trust and integrity for firms in the financial services industry. Firms seeking authorisation from the Financial Conduct Authority (“FCA”) or already authorised firms must demonstrate and continue to show that a commitment [...]

The Regulatory Gateway for Financial Promotions is Here

The Financial Services and Markets Act 2023 (FSMA 2023) introduces a new regulatory mechanism, the Regulatory Gateway, for the endorsement of financial promotions by unauthorised firms. FSMA 2023 modifies section 21 of the Financial Services and Markets Act 2000, introducing a new requirement termed the ‘Financial Promotion Requirement’ (FPR) applicable [...]

Open to Feedback: FCA Seeks Input on New Consumer Credit Data Reporting

Open to Feedback The FCA published Consultation Paper CP23/21: Consumer Credit- Product Sales Data Reporting on 27th of September 2023. Through this FCA is currently seeking feedback on its proposal to introduce three new product sales data (PSD) returns into its Supervision Manual (SUP 16). The returns will help the [...]

How Will The FCA Consumer Duty Rules Affect Firms Applying For Authorisation?

As we are all aware, the FCA’s Consumer Duty rules have now landed and are very much with us. It is not an overstatement to describe it as a ‘game changer’ – perhaps the most significant change to the regulation of the retail financial services market since the introduction of [...]

Funeral Plan Provider Application Refused By The FCA

Two days before the FCA begins its regulation of UK funeral plan providers the regulator has announced its refusal of One Life Funeral Planning Ltd’s application for authorisation. One Life was unable to convince FCA that it could meet its regulatory standards. In its formal Decision Notice (the public notice setting [...]

FCA Authorisation for Funeral Plans Providers: What It Means To Be Regulated By The FCA

From the end of July 2022, it will be a criminal offence for funeral plan providers to sell funeral plans unless they are authorised by the FCA. Up until the 29th of July, funeral plan activities are exempt from regulation under the Regulated Activities Order, meaning the market is only [...]

FREE WEBINAR – Key changes to the FCA authorisation process – A practical guide for firms planning to submit an FCA authorisation application in 2022

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 [...]

Firms in the Temporary Permissions Regime – FCA makes its expectations on the TPR clear

The temporary permissions regime (TPR) relates solely to EEA firms previously passported into the UK who are now preparing to obtain full FCA authorisation in order to continue longer-term operations in the UK. The FCA has recently set out clearly how it plans to deal with TPR firms that don’t [...]

FCA Authorisation Application Fees Update

As of 24 January 2022, a new structure for FCA Authorisation Application Fees has come into force. The new arrangements apply to all FCA fee-payers and to any business considering applying for FCA Authorisation or registration. In most cases the application fee has increased. Alongside this, in a bid to [...]

FCA Authorisation: Navigating the Path to Success

Applying for FCA Authorisation can be a daunting and complex undertaking with no guarantee of success; 1 in 5 firms which applied for authorisation during 2021 were refused, rejected, or withdrew their application after discussions with the regulator. The FCA has made no secret of the fact that it is [...]

Tag: FCA authorisation

ESG Ratings Providers Brought Under FCA Oversight

Less Red Tape, More Growth: How the FCA Plans to Simplify the Regulatory Landscape Following Consumer Duty

Aligning MiFID Services with Part 4A Permissions

Navigating the Claims Management Landscape: A Guide to FCA Regulation and Authorisation

The SMF3 Role in FCA-Regulated Entities

Cryptoasset AML/CTF regime: Meeting the FCA’s expectations to register as a Cryptoasset Service Provider (“CASP”)

Securing Your AIFM Authorisation: A Strategic Guide for Success

Understanding the FCA’s Threshold Conditions

Are You Treating Your Customers Fairly?

The Regulatory Gateway for Financial Promotions is Here

Open to Feedback: FCA Seeks Input on New Consumer Credit Data Reporting

How Will The FCA Consumer Duty Rules Affect Firms Applying For Authorisation?

Funeral Plan Provider Application Refused By The FCA

FCA Authorisation for Funeral Plans Providers: What It Means To Be Regulated By The FCA

FREE WEBINAR – Key changes to the FCA authorisation process – A practical guide for firms planning to submit an FCA authorisation application in 2022

Firms in the Temporary Permissions Regime – FCA makes its expectations on the TPR clear

FCA Authorisation Application Fees Update

FCA Authorisation: Navigating the Path to Success

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