How to obtain an FCA license in 4 steps: Applying for UK FCA license authorisation – FCA



1. FCA License Overview


If you wish to provide regulated financial services in the UK, you must be authorised by the Financial Conduct Authority.




2. List of Regulated Financial Services Activities


1. Claims management activities


- Seeking out, referrals and identification of claims or potential claims

- Advice, investigation or representation in relation to:

- a personal injury claim

- a financial services or financial product claim

- a housing disrepair claim

- a claim for a specified benefit

- a criminal injury claim

- an employment-related claim



2. Consumer credit activities


- Lending

- Credit broking

- Debt services, e.g. deb adjusting, debt counselling, debt collecting or debt administration

- Advising on regulated credit agreements for the acquisition of land

- Consumer hire agreement as owner

- Providing credit information services e.g. as a credit reference agency

- Providing credit references

- Operating an electronic system in relation to lending e.g. peer to peer lending



3. Designated investment business


- Advising on or managing investments

- advising on pension transfers/opt-outs

- Advising on P2P (peer-to-peer) agreements

- Arranging deals in investments

- Making arrangements/executing transactions in investments

- Dealing in investments as an agent

- Dealing in investments as a principal

- Providing basic advice on stakeholder products

- Safeguarding and administering investments

- Sending dematerialised instructions or causing dematerialised instructions to be sent

- Managing a UCITS (Undertakings for Collective Investment in Transferable Securities)

- Acting as trustee or depositary of a UCITS

- Managing an AIF (Alternative Investment Fund)

- Acting as trustee or depositary of an AIF

- Managing an unauthorised AIF

- Acting as trustee or depositary of an unauthorised AIF

- Establishing, operating or winding up a collective investment scheme

- Establishing, operating or winding up a stakeholder pension scheme

- Establishing, operating or winding up a personal pension scheme

- Bidding in emissions auctions

- Operating a multilateral trading facility

- Operating an organised trading facility



4. Electronic Money (e-money)


- Issuing e-money e.g. cards and electronic wallets



5. Insurance business


- Effecting contracts of insurance

- Carrying out contracts of insurance



6. Insurance distribution business (mainly for non-investment insurance contracts)


- Advising on investments

- Arranging deals in investments

- Making arrangements with regards to transactions in investments

- Dealing in investments as an agent