This overview is a guide to the Lexis+® UK Financial Services content within the Obtaining authorisation and fees subtopic, with links to the appropriate materials.
This overview explains the basic principle of carrying out regulated activities and summarises the available avenues that firms seeking authorisation will have to take, and the relevant financial authority or authorities they will have to deal with. The overview also sets out the topical content that is available.
Firms who wish to carry out regulated activities in the UK must be authorised to do so. For guidance on what constitutes 'regulated activities', see Practice Note: What are regulated activities?
The most significant changes introduced under the current regulatory regime involve the way that firms are supervised and the risk mitigation process.
For further guidance, please see: Supervision—overview. You can also read a detailed discussion on the FCA's approach to supervision in Our approach to supervision.
The FCA authorisation process involves much more than just filling in forms. Firms seeking Part 4A permission need to prepare well in advance in order to: establish what will be involved in
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