Our Lloyd Experts are here to help you document the strategy and plan to achieve authorisation from the FCA.
We do not provide compliance guidance but work with our approved partner, threesixty services, which, when combined, ensure success when seeking permissions.
Permissions can include:
- Discretionary Fund Management
- Advisory Management
- Appointed Representative
How long the application takes to get approval really depends on the level of engagement and current workload with the FCA. However, we do work to have a very good understanding of the FCA and give you the best chance of approval within a meaningful time frame.
Achieving Approval
The 10 step process for achieving FCA approval is as follows:
- Sit down with management to understand the strategy, rationale and reasoning
- Write up the strategy and allocate the right FCA approval form
- Assess the staff suitability for the permissions sought
- Engage with partnered compliance firm to review and assess the strategy
- Complete the FCA application
- Submit the application through the portal and pay the relevant fee
- Receive questions / queries from the FCA and respond accordingly
- Respond to any questions
- FCA final review / assessment
- Approval / Decline FCA Application with reasons why or effective date
Subscribe for the full article
Full article available to clients; to subscribe and receive access to all articles, please submit your details using the form below or email requests@lloydexpert.co.uk.
Connect With Us
For more information, please contact us so we can provide the right Lloyd Expert for you.
