Commentary

34 Application for authorisation

BUILDING SOCIETIES vol 6(1)
| Commentary

34 Application for authorisation

| Commentary

34 Application for authorisation1

Before submitting an application for Part IV permission2, an applicant whose plans are complex (for example, where they include accepting deposits and some designated investment business3), high risk or innovative, is encouraged to attend a pre-application meeting with the Financial Services Authority (FSA) to discuss the application and any issues or problem areas4.

An applicant for Part IV permission must apply in writing in the manner directed, and with the information required, in the application pack provided by the FSA5. The application for Part IV permission (which should be accompanied by the application fee set

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