How long it takes to get an FCA licence
The FCA must usually decide on an outcome of an application for authorisation within 3 months. This is the case where an application is deemed as being ‘complete’. In reality however, the FCA is likely to come back to applicant firms with further questions about their application. As a result of this it takes longer before an outcome is reached on an application. Although the length of time it takes to obtain an FCA license will depend on how well an application has been prepared, extent of the application’s ‘completeness’ and the type of application, on average it can take 4-6 months for most authorisation applications before an FCA license is granted.
Buckingham Capital Consulting is a leading international consulting firm, specialising in payment services, electronic money, banking and investment services. We are able to advise you on the best course of action and strategy based upon your business plan and financial product or service. We can help you with licencing, compliance, operational setup and related services, including, obtaining banking facilities.
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