What is FCA authorisation for a capital market firm?

FCA authorisation is the process by which a firm obtains official approval from the Financial Conduct Authority to operate in regulated activities in the UK capital markets sector. It requires meeting regulatory standards in governance, capital adequacy, risk and compliance frameworks, disclosures, and oversight.

What are the key criteria FCA looks at for authorisation?

Some of the key criteria include governance structures, the fitness and propriety of senior management, financial resources / capital adequacy, risk management & internal control systems, compliance with AML/CTF obligations, and ability to meet ongoing regulatory reporting and disclosure requirements.

How long does the FCA authorisation process typically take?

The timeframe varies depending on completeness and quality of the application, responsiveness to FCA queries, business complexity, and whether any additional documentation or clarifications are needed. It may take several months.

What documents are usually required in an FCA authorisation application?

Typical documents include a business plan, financial forecasts, governance structure, AML/CTF policies, risk management policies, KYC/KYB procedures, details of senior management and key personnel, disclosures of conflicts, and information on resources and systems.

Is there any ongoing obligation after obtaining authorisation?

Yes. Once authorised, firms must adhere to ongoing requirements such as periodic reporting, maintaining governance and risk controls, compliance with AML/CTF, maintaining financial resources, training staff, and adapting to regulatory changes.

FCA Authorisation Services | Capital Market Advisory

In the capital markets, FCA authorisation is more than a regulatory requirement—it is the foundation of credibility, investor confidence, and operational integrity. Obtaining FCA approval signals to clients, counterparties, and regulators that your firm meets the highest standards of governance, financial prudence, and regulatory compliance.

ABM provides end-to-end support for firms seeking FCA authorisation, guiding you through every stage of the process with expertise and precision. Our services are designed to ensure that your application is robust, compliant, and aligned with FCA expectations, while preparing your firm for ongoing regulatory obligations in the dynamic capital markets environment.

Comprehensive Business and Regulatory Assessment

We begin by conducting a thorough review of your business model, proposed activities, and governance structures. This includes evaluating the fitness and propriety of key management personnel, assessing operational and financial controls, and identifying any gaps that could affect regulatory approval. Our goal is to create a solid foundation that demonstrates your firm’s readiness to operate in regulated capital markets.

Application Preparation and Submission

ABM manages the preparation of a complete FCA authorisation application, ensuring that all documentation is accurate, comprehensive, and fully aligned with regulatory expectations. This includes business plans, financial projections, risk management frameworks, compliance policies, and governance structures. We coordinate the submission process on your behalf, presenting your application in a clear and professional manner that facilitates timely FCA review.

FCA Liaison and Process Management

Navigating the FCA approval process can be complex and time-sensitive. ABM acts as your primary point of contact with the regulator, handling queries, clarifications, and follow-ups throughout the assessment period. Our proactive liaison ensures that all FCA communications are managed efficiently, reducing delays and enhancing the likelihood of a smooth approval process.

Post-Authorisation Advisory

Securing FCA authorisation is only the beginning. ABM continues to support your firm by providing guidance on ongoing compliance with the FCA Handbook, including regulatory reporting, conduct requirements, risk management, and governance obligations. Our advisory services help your firm maintain continuous compliance, build investor confidence, and operate sustainably in the capital markets sector.