The FCA authorization process has taken on a heightened importance in the regulator’s arsenal as this is seen as the first line of defense to protect the financial system.
Obtaining ‘Part4A Permission’ from the FCA to conduct ‘regulated activities’ in the UK can be complicated, expensive and time consuming. This involves understanding the regulator’s assessment procedures and preparing for the regulator’s authorization process, from putting together an application pack, to assisting with responses to questions raised by the regulator as part of the FCA’s Q&A sessions.
Our regulatory compliance consulting team has dealt with the authorizations of a large range of client types such as hedge fund managers, retail wealth managers, private equity firms, brokers, corporate finance advisers, commodity firms and MTFs.
We have a skilled team with experience of working both at and closely with the regulator, and who are familiar with its authorization process.
Our team has unrivaled experience of assisting with authorizations and our comprehensive authorization service offers a full project management process ensuring that resources can be focused on other areas of the business. As part of our authorizations service, we offer:
Assistance with completing all necessary FCA forms
Provision of draft compliance documentation required to be submitted with the application
Assisting with the preparation of financial projections and ICAAP if necessary
Advising on regulatory capital requirements
Assisting with communications and interaction with the FCA during the application process
During the authorization process, we work closely with third party advisors and service providers to ensure a seamless delivery of service, and we have a proven track record of achieving positive outcomes in the FCA authorizations area.
Comprehensive compliance and regulatory support for FCA authorized firms.UK Regulation
FCA Reporting Support
Support in drafting and filing FCA reports.FCA Reporting Support
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Global Fraud and Forensic Investigations
Expert analysis to help clients understand, prevent and manage fraud.Global Fraud and Forensic Investigations
Regulatory Tax Advisory
Global tax services uniquely customized for asset managers.Regulatory Tax Advisory
Mark Turner Published in FT Adviser: FCA Directory Will Bring Much Needed Clarity