Authorisation and approval

Authorisation and approval guidance:

From 1 April 2013, the PRA and the FCA replaced the FSA. From 1 April 2013, in addition to the need to identify which regulator is relevant to the firm's activities and...

Practice Note

This Practice Note looks at key aspects of consumer protection within the UK financial services regulatory system. The UK’s regulatory structure, combined with...

Practice Note

What does the FCA’s client assets regime cover? The client assets regime contains some of the most significant regulatory requirements found in the Financial Conduct...

Practice Note

Background to the client money rules The rules governing how a firm must safeguard and handle client money held in relation to its investment business are found in...

Practice Note

Terms of Reference for the Wholesale Insurance Market Study The Financial Conduct Authority (FCA) launched a market study (MS 17/2) into the wholesale insurance market on...

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

Conduct risk is the corner stone of the Financial Conduct Authority's (FCA) regulatory approach where: • consumers get financial services and products that meet their...

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 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

In June 2013, the Parliamentary Commission for Banking Standards (PCBS) published its report Changing Banking for Good, which set out a number of recommendations for...

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