When applying to the UK Financial Conduct Authority (FCA) or any other regulator to become authorised it is important that you get your application right first time. This is important not only so that the regulator has confidence in your understanding of the regulations and the systems and controls you have created to manage your business but it is important for senior managers to be comfortable as well that the proposed busines will meet regulatory expectations from day one.
Before starting any application Effecta will take the time to sit with the project team and understand the scope of business being proposed. We will discuss the regulatory requirements as they apply to your business and identify areas of concern at the start of the application process. Effecta will review your regulatory business plan and provide critical feedback as if it were being reviewed by the regulator. Once this document has been finalised Effecta will draw up a project plan and guide you through the process.