FCA authorisation for investment business in the United Kingdom

About This Company

Upon completion, an acquirer obtains FSMA Part 4A permission to carry on regulated investment activities as a MIFIDPRU investment firm under the Investment Firms Prudential Regime. A buyer searches the Financial Services Register using the 6-digit reference number or postcode to verify whether the company holds Authorised status without supervisory restrictions. That public entry lists approved appointed representatives and trading names alongside specific permissions. Scope verification determines whether granted activities include dealing on own account, execution of orders on behalf of clients, portfolio management, investment advice, or reception and transmission of orders. The authorisation does not passport. Legal basis rests on the Financial Services and Markets Act 2000. Prior approval from the Financial Conduct Authority in London is required before acquiring control. Proceeding without formal consent constitutes a criminal offence under Section 191F of FSMA 2000. For MiFID investment firms, regulatory assessment triggers at ownership thresholds of 10%, 20%, 30%, or 50% of shares or voting rights, or upon becoming a parent undertaking. Under Section 189, statutory review takes 60 business days from complete acknowledgment, pausable once for up to 30 business days if further information is requested. Annual costs include a GBP 2,000 standard minimum fee under Fee-block A.0 alongside variable levies. Levies depend on funds under management under A.7, principal trading under A.10, or client assets under A.21.