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Compliance Advice for Varying your FCA Permissions
Want to expand your product offering?
Whatever FCA variation of permissions your business needs, at complianceadvice.co.uk we can help.
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The FCA variations process can be a minefield for businesses.
At complianceadvice.co.uk we can help take the pressure off by doing the groundwork for you.
Want to change your business model?
Want to start a new line of business, add a new product or client type?
Do you need to undertake additional regulated activities?
EXPERTISE
Successfully guiding you through the regulatory process with a dedicated team of experienced compliance consultants
STRATEGY
Navigating a clear and strategic path through the complex regulatory requirements with insight and firm analysis.
MONITORING
All FCA compliant companies are obliged to monitor the latest standards and stay up to date.
Compliance Advice for Varying your FCA Permissions
We can help you with:
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Checking your current permissions are correct
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Deciding what regulatory permissions your business needs
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Understanding what impact changes may have on your controlled functions and approved persons and your SMCR status
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Completing FCA forms
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Updating your Regulatory Business Plan
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Mapping responsibilities and preparation of Statements of Responsibilities
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Evidencing that your business continues to meet threshold requirements
Preparing any FCA application 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 firm applications within 6 months but, if an application is incomplete, they can extend this by up to 12 months by law.
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And, for individuals (should your variation of permissions result in changes to the controlled functions or approved persons within your business), the statutory time-frame is 3-6 months but, again, this can be extended to 12 months if an application is incomplete.
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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 varying your FCA permissions.