Compliancy Services
1 Contributions by Compliancy Services Experts
PRACTICE NOTES
Introduction to the FCA authorisation process
Putting together an application for Financial Conduct Authority (FCA) authorisation can be demanding. You must assemble and submit numerous documents for the FCA to review. Although application types differ in method, layout and content, the cornerstone for most is the regulatory business plan, commonly called the ‘RBP’. This Practice Note sets out guidance on building the RBP. The advice applies broadly across the principal financial services arenas: investment, insurance intermediation, mortgages, credit and payment services. By contrast, applications made to the Prudential Regulation Authority (PRA)—for banks and risk‑taking insurers, for instance—follow a specialist route and fall outside the scope of this Practice Note. For further detail on the FCA’s authorisation journey, see: Obtaining authorisation and fees—overview. See also: FCA—Authorisation, FCA—How to apply for authorisation or registration, and FCA—Sample business
Financial Services
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