Guiding you through a complex authorisation process
Becoming FCA authorised can be a timely and expensive journey; something RRCA can assist you in keeping simple and speedy. According to provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities are regulated by the FCA. Any firm (whether a business, a not-for-profit or a sole trader) carrying out a regulated activity must be authorised or registered unless they are exempt.
Prior to submitting any FCA applications, firms must ensure (and evidence to the FCA) that they are 'ready', willing' and 'organised'. In particular, the FCA expect firms to take regulation seriously and plan how they will meet the standards of the regulatory system before they apply. Therefore, unless an applicant can evidence that they are 'ready', 'willing' and 'organised', the FCA would consider the application incomplete.
RRCA's FCA Application Support.
Once we establish whether you need to be authorised and regulated by the FCA (or registered in case of crypto and payment services), we determine exactly which 'permissions' you require. Then we help you navigate the authorisation process, providing all the documentation and information you need.
Our services can include:
A dedicated consultant who tailors our service and team to your business, objectives and requirements
Comprehensive and practical advice on the process and requirements before, during and after the application
Management of the whole process from document preparation to the online application,
Support with the preparation of the Regulatory Business Plan, Compliance Monitoring Programme and any other relevant policy and procedure documents
Assessment of Senior Managers (SMF) and Certified Function (CF) holders to meet fit and proper (FIT) as well as competency requirements
Support with obtaining relevant third party experts (such as accountants, lawyers, banking providers, etc)
Ongoing support with post-application queries
Our range of FCA applications include Full and Limited Permissions, Approved Person Applications, Variation of Permissions (VOPs), Changes in Control (CIC) and Change of Legal Status
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At RRCA we provide a comprehensive and tailored service, meeting individual needs and FCA obligations. Whether you are a start-up or an established firm, our expert consultants are here to provide guidance and support.
You can find ample information on our website or if you prefer, simply contact us for an obligation free and confidential discussion about your needs.