Solicitors for FCA Authorisation Registration Applications
Expert Legal Advice for FCA Authorisation Registration
FCA Authorisation Registration Legal Service
1. Making credit introductions
2. Entering into hire contracts over 2 months’ duration can both fall within the Consumer Credit regime, giving rise to the requirement to obtain authorisation from the FCA. Failure to obtain proper authorisation – i.e. carrying out these activities without authorisation – can both be illegal (i.e. a criminal offense with serious penalties attached), and also render the underlying arrangements legally unenforceable.
By this service we apply to the FCA on your behalf for you to become authorised to provide the restricted activities, lawfully.
How long will it take?
We don’t generally do anything for new clients until our process of client retention has concluded – this involves agreeing the scope of what we are doing for the price (our terms are below), setting-up our client record (that includes ID checks), and producing the bill (payment in advance is required for all new clients).
The FCA allow themselves 6 months to process application, and we’ve found their processing time varies greatly, depending on how busy they are. The fastest application we’ve ever seen was 2-3 month. The FCA have dragged some applications out for almost a year.
Money Matters
This service is for making an electronic application for registration of a firm with the FCA for consumer credit broking or long-term consumer hire.
In addition, you will have to pay the FCA application fee, normally £100 for annual consumer credit income up to £50,000 (the usual bracket applicable]. In addition, once registered, FCA annual fees payable for limited permission are currently around £360 for Regulated Income up to £50,000 (most instances)
FCA Authorisation Registration (£720)
For our FCA Authorisation Registration service, we charge the specified fixed fee.
Your supplier is unregulated Mounteney Legal Services Ltd, which does not charge VAT.
There is more info about our fees here
If you have any questions, require any further information, or would like to engage us on the T&Cs linked Our Terms in the footer below, please don’t hesitate to Contact Us.
Contact our FCA Authorisation Registration Solicitors
If your business needs advice on applying for or maintaining FCA authorisation to carry out regulated activities, our Financial Solicitors are here to help you through the process with confidence. FCA registration can be time-consuming, but our experienced team will guide you through the requirements, prepare your application and ensure you stay compliant with all relevant regulations.
As a leading firm of solicitors in Stockport, we understand how important timely approval is for your business plans. Our solicitors work closely with you to gather the right information, draft clear and complete submissions, and deal with any follow-up queries from the Financial Conduct Authority. We also offer ongoing support to help you meet your continuing obligations and avoid unnecessary risks.
You can contact us by phone, submit an online enquiry or visit one of our offices in Bramhall, Cheadle, Hazel Grove or Heald Green. We support businesses across Stockport, Manchester and Cheshire, including Altrincham, Wilmslow, Didsbury and Knutsford, and we are always pleased to offer remote consultations for clients throughout England and Wales.
Contact Mounteney Solicitors today to discuss your FCA authorisation or compliance needs and get clear, practical advice to help your business thrive within the regulatory framework.
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