Tag Archives: what does fca authorised mean

Connect With FCA Authorisation And Learn What FCA Regulated Activities You Need

In March 2018, the FCA published its consultation paper (CP18/6) on its proposed approach to the execution of the European Banking Authority's (EBAs) final guidelines on security precautions for operational and security risks of payments services under PSD2.

  Many firms ask the question whats does FCA authorised mean? They want to understand what FCA regulated activities would be involved if the obtain their FCA licence, registration or authorisation. Often they get confused about things like the difference between the FCA Connect Service and FCA Gabriel, needing expert help from specialist FCA authorisation […]

Do I Really Need To Be Regulated As An FCA Authorised Person?

Payment services providers, investment firms, most financial services companies and retail credit firms have to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you must know. With reference to the provisions made under the Financial Services and Markets Act (FSMA) 2000, financial activities have to be regulated by the FCA. Any firm […]

FCA Authorisation and Harry Potter?

It might just seem trite, to compare making an application for authorisation to a magic trick, but if you are under any impression that less-than-perfect preparation is good enough, take heed. Sarah Rapson, director of authorisations at the FCA said that, “We have begun to take a harder line on submissions that border on the […]

Do I Honestly Need To Be Regulated As An FCA Authorised Person?

Financial services providers, investment company and retail credit firms need to be Financial Conduct Authority (FCA) authorised. Here’s a summary of what you ought to know. According to regulations made under the Financial Services and Markets Act (FSMA) 2000, financial activities will need to be regulated by the FCA. Any firm (whether an enterprise, a […]

Hocus Pocus? Smoke & Mirrors? Not in FCA Authorisations

It might possibly seem run-of-the-mill, to compare making an application for authorisation to a magic trick, but if you’re under any illusion that less-than-perfect preparation suffices, beware. Sarah Rapson, director of authorisations at the FCA said that, “We have begun to take a harder line on submissions that border on the vexatious.” Obviously, it’s hard […]

3 Magic Bullets for all New FCA Authorisation Applications

FCA Authorisation Applications Are Receiving Greater Scrutiny It may appear run-of-the-mill, to compare submitting an authorisation to a magic trick, However if you’re under any false impression that less-than-perfect preparation is good enough, beware. Sarah Rapson, Director of authorisations at the FCA said that, “We have begun to take a harder line on submissions that […]

Can You Really Afford Generic Ongoing Compliance Support?

The regulator’s business plan for 2018 has created a raft of focused areas for the remainder of 2018 and start of 2019. From the FCA Handbook there are a number of hotspots and they are determined to use their powers under the FSMA 2000 to progress, investigate and enforce where appropriate. Whatever FCA Regulated Activities you have permissions for, I am sure you will see that there is something for everyone.