Established in 2000, Compliance Consultant has been a trusted partner for companies and individuals navigating regulatory compliance in the UK, EU, and Middle East. Our extensive application experience, combined with valuable insights from the FCA’s Authorisations Team, has empowered numerous clients—from small startups to established enterprises—achieve successful authorisation across a diverse array of sectors.

Specialised FCA Authorisation Services

At FCA Authorisation Info, we pride ourselves on employing only qualified consultants who work closely with you to grasp the nuances of your business and create a bespoke “application pack.” Our expertise allows us to project manage your FCA authorisation application from inception through to completion. We focus on conducting regulated activities in the UK while ensuring our process aligns with the FCA’s authorisation business plan and adheres to comprehensive FCA guidance notes.

Why Choose Compliance Consultant?

The cornerstone of achieving a “clean” authorisation lies in meticulous documentation preparation. By anticipating regulators’ questions and presenting responses in their preferred format, we streamline the application process. Our team guides you through submitting your application via the FCA “Connect” system, interpreting inquiries and recommending optimal responses, ensuring continuous support until your project reaches its conclusion.

Diverse Sector Experience

We have a wealth of experience assisting clients across various sectors, including:

• Asset Management
• Banking
• Capital Markets
• Consumer Credit
• Insurance
• Mortgages
• RAISP & Payment Services
• Platforms
• Wealth Management

Our collaborative approach ensures we work seamlessly with your service providers, such as legal advisers and accountants, delivering an uncomplicated FCA application experience.

Transparent and Fixed Pricing Structure

We operate on a fixed project cost basis, with an upfront payment of typically 50%. Our clear Terms of Business can be accessed HERE.

The Application Process in Detail

Key Advice Before, During, and After Your Application

We offer targeted advice on the primary challenges your firm may face throughout the application process. Each application is customised to fit your business’s unique requirements, avoiding the pitfalls of a “one size fits all” methodology. Your application will be managed by our Chief Consultant, backed by a team of technical specialists as needed.

Preparing for Success

A well-prepared application may take several weeks to compile, but the peace of mind it brings far outweighs the investment of time and effort. While we cannot guarantee acceptance, we take pride in our track record—no client has ever withdrawn their application under our guidance.

Dispelling Common Myths About FCA Authorisation

There are several misconceptions commonly held by companies regarding FCA authorisation:

1. Myth: Authorisation applications are routinely completed 2-3 months faster than average.
   • Reality: The FCA adheres to a 26-week service agreement for applications, which can extend to 52 weeks for poorly prepared submissions. Beyond this, applications can face cancellation and the need to reapply.
2. Myth: The FCA guarantees authorisation within 26 weeks.
   • Reality: The timeliness of your application is contingent on your prompt provision of necessary documentation, policies, and logs.
3. Myth: Costs are minimal (e.g., £750, £1,000, or £3,000).
   • Reality: Initial low costs can escalate with additional requirements for specific guidance, leading to unexpected expenses.
4. Myth: The FCA will handle all your documentation.
   • Reality: The FCA will scrutinise your policies and procedures. Without your active involvement in their creation, you risk increased pressure and scrutiny down the line.
5. Myth: Acceptance is guaranteed.
   • Reality: The FCA is the only entity that can guarantee acceptance of your application, and thus far, they have not provided such assurances.

Conclusion

Navigating the FCA authorisation process can be daunting, but with Compliance Consultant by your side, you gain access to unrivalled expertise and a supportive team committed to your success. Whether you are a seasoned business or just starting, our tailored services will help you achieve the regulatory compliance you need to thrive in today’s competitive market.

To discover why you may need to be FCA authorised, GO HERE. Contact us today to learn more about how we can assist you!