Do you need authorisation?
If you know what your business activities will be in the financial sector and you will be carrying out activity in the following areas:
- capital markets
- banking
- life or general insurance
- asset management
- mortgages
- general insurance intermediaries
- payment services
- financial advisers
Then you need to apply for FSA authorisation if your company is based or want carry out activities in or from UK.
Understanding as above, you now need to decide whether you’re ready to apply or not. Check the items below to assess the status of your business.
- Have you written a business plan or are you planning to write one?
- Have you thought through your business from an operational perspective?
- Do you know how will you attract and retain clients?
- What systems, resources and other people will you need?
- Will the management of your business be considered fit and proper by the FSA?
- Do you have sufficient finances for the application and required regulatory capital?
If you are unsure about any of these items, contact us to discuss them further. You may still be ready to start the application process.
Banking Solutions will guide you through the application process from beginning to end.
Our expertise will help streamline the process and could reduce the time it takes to get authorisation considerably.
We’ll be able to help you put a robust compliance monitoring process in place for after you’re authorised.
As CSP authorised by HMRC, we can also help you in company formation, opening a Bank account, employee recruitment and rent or buy an office.
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