FCA Authorisation
Navigating Your FCA Authorisation Journey
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Achieving FCA authorisation is pivotal for your business. Skye Compliance streamlines this process, starting with an assessment to identify your regulatory needs and the permissions required. We leverage our expertise to align your business objectives with compliance, ensuring a smooth path to authorisation.
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FCA authorisation might seem overwhelming, but our expert guidance simplifies it. We've successfully navigated businesses through their FCA applications. Let us facilitate your positive outcome. Reach out to learn more.
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Step 1
Foundation Building
We begin by analysing your business to determine which activities are regulated and the permissions needed. This involves discussing your business model, governance, risk, compliance, systems and controls. We then gather all the necessary information to begin the application process, ensuring the FCA requirements are met.
Step 2
Crafting Your Application
With the essential information at hand, we customise your FCA application on the FCA Connect system to reflect your business's unique aspects. This includes Senior Management checks, developing policies, procedures, your Regulatory Business Plan and any other relevant documentation. We address potential FCA concerns proactively, streamlining the process. Once all the information is completed for your application, a final review by your firm ensures the application accurately represents your business.
Step 3
Application Submission and Follow-Up
We submit your application via the FCA's Connect system at this stage the application fees will be paid. A Case Officer from the FCA will assigned to your application and begin the review process. The Case Officer will interrogate the information submitted, we will be at hand to assist in responding to any inquiries, ensuring clear and comprehensive communication.
Step 4
Final Authorisation Steps
Post-authorisation, we will set up a handover meeting where all documentation created for the application will be released. We will explain how to comply with FCA rules. We provided further ongoing support and outsourced compliance assurance monitoring to ensure the firm adheres to the FCA regulations and prepares for future regulatory changes.