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Compliance Advice for FCA Change in Control Notifications
FCA regulated firms are required to notify the FCA of proposed or actual changes in control. If your firm is regulated by both the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA), commonly referred to as “dual-regulated” then your business will also need to obtain approval from the PRA.
Inserting a holding company into your group structure?
Wanting to acquire a UK regulated financial services business?
Looking to increase control of a UK regulated financial services business?
Wanting to act in concert with a spouse or other family member?
Making changes to the share or voting structure of your company?
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Successfully guiding you through the regulatory process with a dedicated team of experienced compliance consultants
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Compliance Advice for FCA Change in Control Notifications
Whether you are an individual or company and whatever FCA changes of control your business needs, at complianceadvice.co.uk we can help.
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The FCA change in control process can be quite daunting. At complianceadvice.co.uk we can help take the pressure off by doing the groundwork for you. We can help you with:
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Helping your business to decide what changes in your business structure need to be notified to the FCA
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Assisting with completing the relevant Section 178 notification forms to notify the regulator for every individual and company seeking to acquire, or increase control
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Updating, or preparing, your Regulatory Business Plan
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Co-ordinating other supporting documentation for your Section 178 notifications, such as financial projections; structure charts; source of funding
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Evidencing that your business continues to meet threshold requirements
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Preparing any FCA submission can be quite daunting as there is a significant amount of information that the FCA requires. It’s also important to get it right first time. The FCA will make a decision on a change in control notification within 60 days, although this period may be interrupted if more information is required to enable a complete assessment of the change.
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At complianceadvice.co.uk we’ll help you to get it right first time!
Call us today for advice and guidance on changing control, or changing the business structure of a UK FCA regulated business.
It is a criminal offence to acquire or increase control in a UK FCA regulated financial services firm without having first obtained authority from the FCA.