FCA authorisation is getting more and more complicated. Financial services firms must show they have the systems and controls needed to manage regulatory risk. As well as forms, applicants have to provide documentation – for example regulatory business plans and detailed capital projections. The FCA may also want to speak to senior individuals to make sure they are competent.
We’ve been helping firms with FCA authorisation and applications for 15 years and submit around 50 a year. We know the FCA, and what they are looking for. We have developed templates and procedures to ease the process for you.
We can manage the whole FCA authorisation process, help develop your procedures and financial models or simply review what you have prepared before you submit. We can prepare individuals for FCA interviews and deal with the FCA on your behalf.
We also prepare and submit FCA ‘variations of permission’ for firms changing their business models or facing new regulation such as consumer credit.