03Feb

When you run a business that deals in financial services, there are a lot of considerations you need to be aware of and there are regulations and rules that you must adhere to.

Ensuring your business is complying with the rules and regulations that are in place is so important for making sure you run a professional and trustworthy company, as well as avoiding falling foul of the FCA. Let’s look at the importance of getting FCA authorised quickly and without hassle, as well as how the process can be made simple and stress-free.

Understand What This Involves

Understanding exactly what is involved in the process of getting your business FCA authorised is so important. There are a lot of things that play a part in this, and it is something you need to make sure you work on as soon as possible. The best way to start with this is to make sure you are clear of what it takes when it comes to becoming FCA authorised in the best and easiest way. So, it is something that you might need to get help with, and that’s why you should consider hiring a professional, like Scott Robert, to help you. Using a professional service can expedite the process and ensure that your business is compliant.

It’s a Process

You need to be clear about the fact that this is a process. You are not going to be in a position to do this overnight, and it’s something you should prepare for. FCA authorisation can take up to 12 months to complete fully. However, in most cases, there will be some sort of confirmation within around 6 months. If you do not complete the documentation correctly the process can be further slowed down.

Expect Cost

Ongoing fees are calculated depending on projected revenue.

Make it Simple

One of the most important things you can do is to look at how you can simplify this process. It’s clear that there is a lot of small print with FCA authorisation, and this can sometimes get a bit overwhelming. So, you need to make sure you are focused on improving the way you deal with this. Getting help from leading market consultants like us can really go a long way towards helping you achieve this right now.

These are some of the key things you need to keep in mind when it comes to FCA registration. If you need to get your business FCA authorised contact us today and see how we can help you.