Can a firm be authorised by the FCA?

Before the FCA will authorise a firm, they must be satisfied that the applicant firm can meet and will continue to meet certain minimum standards, called threshold conditions and that the persons running the firm are fit and proper. The business plan should include (but not be limited to) the following:

How do I apply for an FCA authorisation license?

Below is the list of things you should do in order to successfully apply for an FCA authorisation license: 1. Decide which license and permissions you require. 2. Understand the minimum conditions you must meet – known as threshold conditions. 3. Understand the FCA’s principles and rules about systems and controls you must beet.

Do firms need to be registered with the FCA?

Authorisation vs Registration Some firms may only need to be registered with the FCA rather become fully authorised. This usually means that their activities are considered to be lower risk, and therefore, requiring less supervision.