How to obtain a Forex brokerage licence
Threshold Conditions - Firms are required to demonstrate at the time of their authorisation that they satisfy the minimum standards set by FSMA, namely the Threshold Conditions, for all regulated activities. Firms must also demonstrate that their key persons running or managing the firm are 'fit and proper' to perform their functions.
Location of offices - your firm's 'mind and management' I.e. directors, compliance and governance function, audit and risk functions should be in the UK.
Effective supervision - your firm must be capable of being effectively supervised by the FCA, including the complexity of your regulated activities, products, and how your business is organised.
Appropriate resources - your firm must demonstrate that it has the appropriate financial resources, skills and experience of those managing your firm's affairs.
Suitability - Your firm must demonstrate competence and ability of your management, and that the affairs of the firm are conducted in an appropriate manner in the best interest of consumers.
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.
Call us today on 02078662512 or 442078662512 if you are calling from abroad. You can send an email to email@example.com to arrange a telephone call or to discuss your requirements and plan. We are also able to arrange calls or conference calls using Skype. Our Skype ID is BCC54321. If you wish, we can arrange a meeting at one of our offices.
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