Obtaining authorisation and fees

Obtaining authorisation and fees guidance:

This Practice Note explores the measures in the Alternative Investment Fund Managers Directive (Directive 2011/61/EU) (AIFMD) relating to the rights and regulatory...

Practice Note

What is passporting? UK authorised firms may be eligible to carry out permitted activities in another European Economic Area (EEA) state if they fulfil the requirements...

Practice Note

This Practice Note sets out the passporting rights and related notification requirements of credit intermediaries established in the European Economic Area (EEA) which...

Practice Note

Cross-border business Regulated firms will be familiar with the concept of passport, but it may be a new concept for those coming from outside the financial services...

Practice Note

This Practice Note examines EU laws in relation to financial services around the rights of freedom of establishment and freedom to provide services from one state to...

Practice Note

This Practice Note sets out the passporting rights and related notification requirements of insurance undertakings established in the European Economic Area (EEA). For...

Practice Note

This Practice Note focuses purely on procedural requirements for UK firms wishing to exercise EEA rights to provide financial services into the EEA under the following...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

There are approximately 19,000 Financial Conduct Authority (FCA) regulated firms under the post-FSA regulatory structure, which has been in place since 1 April 2013. FCA...

Practice Note

Where authorised firms cease to carry out regulated activities, their Part 4A permission will be cancelled. The Financial Conduct Authority (FCA) can also use its...

Practice Note

This Practice Note looks at the powers of the Financial Conduct Authority (FCA) to impose and vary requirements. For guidance on the cancellation of requirements, see...

Practice Note

How should a firm prepare for authorisation? This Practice Note highlights some of the issues firms need to think about and address while preparing to apply for...

Practice Note

Authorised people can only carry out regulated activities in the UK in accordance with their permission. Where people intend to change how they carry out their regulated...

Practice Note

Single market passporting regime—CRD IV Among the European Union’s (EU) core goals has been the development of the internal market, specifically to encourage the free...

Practice Note

Background to the implementation of the Acquisitions Directive Prior to the implementation of the Acquisitions Directive (Directive 2007/44/EC) in March 2009, various...

Practice Note

BREXIT: As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Background to the Payment Services Regulations 2017 The Payment Services Regulations 2017, SI 2017/752 (PSRs 2017) transposed the recast PSD2 (Directive 2015/2366/EU)...

Practice Note

Firms who wish to carry one or more PRA-regulated activities as set out in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544),...

Practice Note

Cancellation refers to the removal of a firm's Part 4A permission. Where Prudential Regulation Authority (PRA)-authorised firms cease to carry out regulated activities,...

Practice Note

This Practice Note looks at the powers of the Prudential Regulation Authority (PRA) to impose and vary requirements. For guidance on the cancellation of requirements, see...

Practice Note

This Practice Note highlights some of the issues firms need to think about and address while preparing to apply for authorisation to carry on Prudential Regulatory...

Practice Note

The general objective of the Prudential Regulation Authority (PRA) is to promote the safety and soundness of the firms it regulates. Its objectives are primarily met by...

Practice Note

Authorised people can only carry out regulated activities in the UK in accordance with their permission. Where people intend to change how they carry out their regulated...

Practice Note

On 7 March 2016 the Senior Managers and Certification Regime (SM&CR) and the Senior Insurance Managers Regime (SIMR) replaced the PRA's Approved Persons Regime (APER)....

Practice Note

This Practice Note provides an overview of the regulatory fees and levies that authorised firms in the UK are required to pay towards the maintenance of the regulatory...

Practice Note

This Practice Note focuses purely on procedural requirements for firms wishing to exercise passporting rights and Treaty rights in the UK. For further information and...

Practice Note

All Financial Conduct Authority (FCA) authorised firms are required to maintain a set of minimum standards in order to become and remain authorised. These standards are...

Practice Note

All Prudential Regulation Authority (PRA) authorised firms are required to maintain a set of minimum standards in order to become and remain authorised. These standards...

Practice Note

The right to gain authorisation from the Financial Conduct Authority (FCA) in the UK is not limited to UK firms. Incoming EEA firms, Treaty firms and UCITS qualifiers can...

Practice Note