Applying for Variation of Permission (VoP)
A VoP is required when an authorised firm is looking to make a significant change to its business and its assigned permissions. Firms can apply for a VoP for a number of reasons. Three examples include:
- the start of a new business line,
- starting a new regulatory activity, or,
- adding a new product or client type to your business line e.g. professional or retail clients.
If any of the aforementioned changes are occurring in your business, we can help you to review your current permissions and decide the best route for you.
Additionally, if your firm is regulated or dual-regulated and you want to be able to accept deposits, effect contracts of insurance, or carry out a contract of insurance, this would require a VoP application through the PRA.
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How can we support you?
Our wide range of expertise 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.
We will tailor our service to meet your needs and help you put together a successful VoP application ready for submission it to the regulator. We are on hand to support you with any questions that you may receive as a result of the application and can work with you every step of the way. If you are looking for support with an upcoming VoP or are require assistance with a VoP which is currently in progress, we would be happy to hear from you.

The sectors we work with...
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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 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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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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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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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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Why choose Cosegic?
Our 360 degree perspective of regulatory affairs
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Our 360 degree perspective of regulatory affairs
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, providing us with a more informed understanding of the FCA than our competitors.
Direct, proportionate advice
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Direct, proportionate advice
Our unique perspective means we really do have our fingers on the pulse of regulation, which helps us to ensure that the advice we offer is practical, helpful and directly proportionate to our clients’ needs.
Our understanding of the role of compliance in firms
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Our understanding of the role of compliance in firms
We have watched the evolution of compliance over the past twenty years and understand that compliance must now become a core part of how financial services carry out their businesses in order for them to be successful.
Compliance confidence for visionary growth
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Compliance confidence for visionary growth
In recognising this, our services have been built in a way that can help you navigate regulation ensuring you will keep your vision and objectives intact. Our breadth of experience allows us to balance your business objectives with your compliance requirements.