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FCA Authorisation, Registration or Licencing is a very involved process requiring you to know not only your business, but also how your business works and the risk areas it is likely to be impacted by.

Assuming that your activity falls under the regulated activities of the Financial Services & Markets Act 2000 (as amended) and you have sufficient experience of the industry you want to operate in (i.e., at least 2 years) and are of good standing professionally and financially, then you should have few issues. The main challenge many face is understanding the regulatory terms and industry jargon. We cannot be responsible for your competence and if your application is rejected for these reasons our final payment is still payable.

You may have approached companies already about your application ambitions, and I am sure that all of the respondents will provide you with a wealth (even avalanche) of information about FCA authorisations. They will undoubtedly tell you how complicated and demanding it can be; they will try and explain all about the different divisions and challenges they have experienced in the recent history and how long average cases have been taking to process within the FCA; but all of this depends on how it is approached and whether or not you have a robust preparation of the required documents and explanation of your business idea.

The quotations you encounter could appear very attractive!

However, this is often for only the basic service.

When the regulator asks for certain company policies, or governance, for operating the business (and they will), your consultancy will often charge you additionally by the item.
When the FCA asks questions that you may need assistance with before responding, they will start the “charging clock” often up to £300 per hour or more. See a short video at
When the regulator asks a question of your company and the your case manager does not understand what is being asked, or is not adequately qualified to interpret the rules, they either answer incorrectly or refer to a senior manager who may be able to help at extra unseen cost to you.
I am a Chartered Fellow of The Chartered Institute of Securities & Investments (Chartered FCSI), The City of London’s (and global) leading financial services organisation. I hold the Compliance Diploma and I manage or oversee all authorisation applications for the company. You cannot be more highly qualified.
We typically deal with a number of authorisation applications from CCA, PSD, EMIs and Retail through to larger insurance companies and…


once we have a good idea of your business complexity.

Certain details need to be understood by us before starting your application as these will be critical to your application, along with details of any proprietary or bespoke software and web portal used for client access as well as any agents or representatives you may be using.

There are generally very few “secrets” in financial services. As there are a small number of “go to” companies you can rely on, we pride ourselves in being strictly confidential. We don’t blab about our clients but some find comfort in requiring us to operate under a “Non-Disclosure Agreement” and if you wish to use it, our NDA form can be found at

If you have a detailed and robust regulatory business plan, and you have completed all of the necessary forms via the FCA Connect System, costs start at £3,000 for an authorisation. This consists of an up front and the remainder on authorisation.
If your business plan is not as content rish as you think it may need to be …
Don’t worry, we can factor the cost into your package.
We will provide the normal policy documents and the compliance monitoring procedures as required and/or requested by the regulator dependent upon your business model. 
If you need additional template policies and manuals, like our Template Compliance Manual (sold online for £390 at or Template Anti-Money Laundering Policy & Procedures (sold online for £240 at then we can provide them all for a  fixed heavily discounted price of over 30% (you just have to edit it to suit your business and bring it inline with your software use).
If you want us to amend and personalise your policies, we can do this as well for an additional cost, but the final editing  will be down to you, as it is your business that will be governed by these documents, and you need to make sure they are all singing the same tune.


Whoever you choose you need to be absolutely clear on these issues.


Does the price quoted include;

  • Qualified Compliance specialists handling your application

  • All policies and an annual compliance monitoring plan as required by the regulator?

  • All forms completed on your behalf (excluding electronic signatures etc) unless you have already done so.

  • All questions answered before submission

  • All regulator questions and requests for explanations throughout the approval process at no extra charge

  • All Your questions answered throughout the approval process


A recent (Feb 2018) authorisation firm, said;

“Compliance Consultant provided us with a smooth, fast and professional service, clarifying what was needed at every step with prompt and accurate communication throughout. Would highly recommend Lee and Compliance Consultant”