7 steps to FCA authorisationFind out if you need regulation

Will you be performing any regulated

activities and does any exemption

apply?

Decide on your strategy

Which regulated activities do you

need permission for, bearing in mind

impact of each on timeframes, costs,

capital, reporting and applicable rules?

Who is best placed to take on the

roles of compliance officer and money

laundering reporting officer?

Prepare the core of your application

• regulatory business plan detailing

your regulated activities

• financial projections for 1 year post

authorisation.

• structure charts coveirng staffing &

ownership

• business continuity plans

• business risks analysis

Reply to questions, meet conditions

Your case officer will ask questions,

usually in batches sent by email.

Finally the FCA will set conditions of

your authorisation, usuallly requiring

you to put capital into your business..

Submit your application

Submit your application through

Connect, paying the application fee.

Once submitted it takes from 2 to 6

months for the FCA to allocate your

application to a case officer.

Build your compliance framework

Prepare a monitoring plan, that tests

your business against compliance

rules.

Put in place policies and procedures

describing how your firm will meet its

obligations in practice.

Create your application on Connect

Complete the forms about your business. Ask key

individuals and owners to complete their forms.

Upload the documents you prepared at step 3.www.bwbcompliance.com/get-authorised

We provide help at every step,

contact us here.