FCA approach to authorising branches of international firms

February 2021

The FCA has explained, in a recent publication, how it will assess international firms when they apply for authorisation to operate in the UK market. This should help international firms understand the UK’s regulatory expectations and how to manage risks appropriately when providing regulated financial services in the UK.

Firms seeking authorisation are expected to have an active place of business in the UK to enable the FCA to effectively supervise their UK activities. The FCA says it will be contacting firms currently registered under the Temporary Permissions Regime about applying for authorisation.

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