How we authorise
Find out how we authorise firms and individuals, acting as the gateway for firms and individuals who want to operate in the financial market.
It is vital that firms and individuals offering financial services run their businesses in the best interests of consumers and uphold the integrity of the financial services industry. We are responsible for authorising, supervising and taking action where needed against firms and individuals who undertake financial services activities.
Firms offering these ‘regulated activities’ have to be authorised or registered by us, unless they are specifically exempt.
Meeting our requirements
Applicants have to meet a range of requirements for registration before we allow them to operate in the market. We review their business plans, risks, budgets, resources, systems, controls and whether key staff have the necessary qualifications, experience and ability to carry out their roles effectively. They must meet these requirements before we will authorise or register them.
If you want to see if your firm should be authorised or registered, what forms you will need to supply and what fees you will have to pay, see our firms pages on authorisation.