For UK investment firms, the journey to achieving Markets in Financial Instruments Directive (MiFID) authorisation can be complex.
Our experts will help you define what investment service you want to provide to ascertain the permissions and governance needed to provide the service in line with FCA compliance requirements.
Contact usOur MiFID authorisation service is designed to support MiFID investment firms that provide services including portfolio management, dealing or order execution.
Examples of MiFID investment firms include portfolio managers, wealth managers and investment advisors.
You will need to submit an application to the FCA to gain approval for providing investment services in the UK.
Your application needs to demonstrate that you are ready to meet the regulatory and legislative obligations that UK investment firms must adhere to.
Every business is unique. We will assess your business model thoroughly before recommending the permissions you need.
We will then help you build a robust application. This will include a Regulatory Business Plan (RBP) that shows the FCA that you are ready, willing, and organised to carry out regulated activities, along with a Compliance Monitoring Programme (CMP) that demonstrates how you will mitigate risks to ensure you stay compliant while providing your services.
Our consultants are all former FCA employees. They know what makes a strong application for MiFID authorisation. This experience will inform our approach to our application.
You will know exactly what you are paying without unexpected expenses.
We have helped hundreds of investment firms in the UK get MiFID authorisation.
A Regulatory Business Plan (RBP) will help the FCA determine your eligibility for MiFID authorisation. It should include information about your business, including services, employees, governance and target market, and also show how you can comply with regulatory standards around MiFID activities.
The FCA aims to approve applications within four months. Incomplete applications can take up to ten months.
Our commitment to you doesn’t stop once you get MiFID authorisation. We will advise you on the measures you need to implement to maintain compliance.
FCA regulation and compliance can be complex, but we will help you navigate the process, allowing you to expand your business and create new revenue streams.
Contact us to talk to our friendly team about your requirements.