Services FCA Authorisation & Applications

Our authorisation and application expertise

All firms looking to carry out financial services activities and offer credit in the UK must be authorised by the Financial Conduct Authority (FCA). The path to authorisation can be complex and many firms will benefit from the support of an experienced compliance partner such as Cosegic Ltd. We have supported firms across the financial services industry since 2003, successfully managing over 1,500 applications, and continuing to assist over 800 clients with our ongoing support services.

The FCA has frequently announced increased levels of scrutiny at the gateway, making it increasingly more difficult for firms to get authorised and submit an application quickly and efficently. If you are looking to get authorised by the FCA, or aren't sure of your current position, we can support you. Once we establish whether you need to be authorised and regulated by the FCA, we determine exactly which 'permissions' you require. Then we help you navigate the authorisation process, providing all the documentation and information you need. Addiitonally, if you are looking to apply for an application such as a Variation of Permission (VoP) or Change in Control (CiC) visit our dedicated webpages to find out more about how we could support you. 

 

Our Services

FCA Authorisation & Registration

We have managed over 1,500 successful FCA applications across all sectors and frequently interact with the FCA to keep our understanding of its requirements fresh and up to date.
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Brexit and TPR

If you are a firm from within the European Economic Area (EEA) and are looking to continue or start offering financial services in the UK, we can help you to get authorised and regulated by the FCA.
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FCA Sandbox

The FCA Sandbox is open to authorised firms, unauthorised firms that require authorisation and technology businesses that are looking to deliver innovation in the UK financial services market. Cosegic can help firms prepare their application to enter the FCA Sandbox and help them navigate through to successful authorisation.
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Variation of Permission

If you are an authorised firm looking to change your regulated activities, start a new business line or add new product/client types to your business line, we can support you with your variation of permission (VOP) application.
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Change in Control

If you are looking to acquire or increase control of a regulated firm you must send a notification to the FCA for a Change in Control (CiC) and have prior approval from the FCA before the transaction can go through. We can help you notify the FCA of the change and ensure that the CiC goes smoothly.
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Appointed Representatives

We help firms that want to build a compliant AR network, and/or maintain their current network. Our support services include annual AR reviews, AR monitoring, and development support of appropriate and compliant AR frameworks. Whether you are looking to become a principal yourself or are unsure as to whether becoming an AR is the best route for you, contact us today.
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5MLD Registration

If you are a cryptoasset firm, you must be registered under the fifth Money Laundering Directive (5MLD) if you intend to provide certain types of cryptoasset services in the UK. We can support you with the registration process and keep you providing certain cryptoasset services by way of business in the United Kingdom
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Agents and Distributors

We can help payment services and e-money agents meet the compliance requirements of their principals as well as help to ensure that principal firms are hosting a compliant network.
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The sectors we work with...

  • Capital Markets forest

    Investment Firms

    Our Investment Firms team use their experienced regulatory knowledge to help asset managers and broker dealers with a full service offering over a large spectrum of regulatory issues.

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  • Consumer Credit forest

    Consumer Finance & Insurance

    We have successfully managed over 800 FCA applications for credit firms and currently have over 350 credit clients benefitting from our ongoing support.

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  • Payment Services Cryptoassets forest

    Digital Finance

    Our industry leading team know the regulatory landscape inside out, with our experience extending from traditional and challenger banks, authorised e-money and payment institutions through to fintechs and cryptoassets.

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  • Wealth Management forest

    Financial Resilience

    Our specialist Financial Resilience Team can help firms interpret their prudential requirements and avoid common errors that are likely to lead to unwanted attention from the regulator.

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  • Insurance Mortgages Claims forest

    Financial Crime

    Cosegic’s experienced Financial Crime Team can help a broad range of firms across multiple different sectors, with a special emphasis on those organisations for whom financial crime is especially complex and demanding.

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Our Team

The Cosegic team is made up of over 60 staff who work together in industry specialist teams. Our wide range of financial sector experts come together on a regular basis to discuss their interactions with the FCA and the regulatory trends that they are seeing. This provides us with a more informed understanding of the FCA than our competitors, ensuring that we offer our clients solutions that are most appropriate to their needs.

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