Navigating your compliance journey to regulatory authorisation and registration.
Firms and individuals must be authorised by the Financial Conduct Authority (FCA) to carry out regulated financial services activities. Doing so without proper authorisation is a criminal offence.
The type of application depends on the firm’s business model. The permissions to be sought are determined by the firm’s intended activities and there is an almost unlimited number of combinations. Other regulators may also be involved during the regulatory application process.
There are many lengthy application forms to complete and supporting documents to be provided. The specialist language used on these can be confusing as it is specific to regulatory compliance, and requires in-depth knowledge of the regulator’s relevant handbooks. Once the regulator has received a firm’s application, its case officer still needs to be convinced through an iterative process that the authorisation should proceed.
Without the relevant experience or professional advice, obtaining regulatory approval from regulators can be a highly time-consuming and complex process.
Helping firms obtain regulatory approval involves successfully navigating the regulatory authorisation or registration process with UK and overseas regulators. Our approach to regulatory consulting is flexible, and we can either fully project manage the process for clients, or focus on providing specific inputs and documents, based on their precise requirements.
Our assistance with obtaining regulatory approval typically covers some or all of the following:
Our experienced regulatory consulting team works seamlessly with firms’ internal teams to achieve and deliver the following:
We focus on building a long-term partnership with clients and supporting them throughout their compliance journey, starting with the application process. We take the time to get to know their business, team, structure and plans, and remain available throughout the application process as well as post authorisation.
Clients benefit in their regulatory application from our extensive subject matter expertise as well as knowledge gained from assisting many organisations in their sector. They are assigned a dedicated single point of contact at Xcina.
Our regulatory compliance consultants have many years’ practical experience across a range of firm types. Our team includes former Senior Managers, Heads of Compliance and Regulators.
We share with clients all deliverables and transfer knowledge so that their teams are equipped to use and maintain their compliance framework independently post authorisation.
Our pricing is competitive, transparent and modular, giving flexible access to subject matter expertise and advice.
Colin Bell, COO & Co-Founder at Perenna
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