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Obtaining a financial license in the UK (FCA)

Availability Licenses FCA - direct testimony to clients about the reliability and compliance of a financial company in the UK. FCA is the abbreviated English abbreviation for the non-governmental oversight agency of the Financial Regulation and Control Agency.

The issuance of a permit for conducting financial activities is a mandatory procedure for a number of companies in the banking, insurance, investment spheres. Employees of the E-COMMERCE BROKER Company will help you understand the nuances of licensing in the United Kingdom.

Features of obtaining a British financial license FCA

The Financial Conduct Authority (FCA) replaced another supervisory body, the FSA, in April 2013, when British parliamentarians approved new legislation on the operation of financial markets.

In the UK, the FCA is considered compulsory for the following organizations:

  • banking and mortgage institutions;
  • companies engaged in investment and brokerage services;
  • Forex market participants;
  • pension and other types of funds;
  • insurers;
  • financial consulting firms;
  • other organizations involved in the financial sector.

The task of the created supervisory body FСA is to transparently organize the work of commercial companies, with the timely detection of fraudulent structures.

Benefits of FCA Financial Licensing

For a financial institution operating on British soil, obtaining an FCA license opens up the following opportunities:

  • apply for the settlement of disputes between the client and the company;
  • guaranteed refund of amounts within 50 thousand pounds if fraud is detected or the company goes bankrupt;
  • regular activities to identify and eliminate fraud;
  • assistance in improving the security system;
  • timely actions to monitor compliance with changing legislation.

Penalties are imposed on violators of the current regulations to prevent fraud and the facts of unfair behavior.

Business and documentary requirements for FCA

Before contacting the regulatory body with an application for a financial license in the UK, check whether the company meets the requirements:

  1. Registration in British territory.
  2. Employment of at least 2 directors with residence in the UK and experience in the financial market of the country.
  3. The company must have shareholders (individuals or organizations) without the mandatory requirements of British citizenship.
  4. In the absence of a company secretary, his functions are assigned to one of the directors.
  5. An office space for work should provide for the possibility of simultaneous work of two or more employees, have a landline telephone and the Internet.

Will not be able get a license in the UK organizations where there are shareholders or managers who were previously prosecuted or after bankruptcy.

Terms of registration

Procedure for obtaining a British license is considered quite difficult, and the issuance period can be 4-6 months. E-COMMERCE BROKER will help you get a financial license in the UK as soon as possible, taking on all the difficulties in preparing and agreeing a business plan, finding an office and employees, collecting and submitting documents to the regulator.

Starting a working English business is a difficult and costly business, for the right to work on an equal footing with well-known financial companies in England they pay quite large sums.

Contact the employee of "E-COMMERCE BROKER" for advice, and we will offer the most optimal options registration of a license for a financial company in the UK.

E-COMMERCE BROKER

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