Our initial step is to identify the regulated aspects of your business activities and understand their implications. A meeting will be scheduled to delve into your business model, internal controls pertaining to governance, risk, and compliance, and the key personnel within your organization. This will allow us to precisely determine the necessary 'permissions' for your operations. Next, we will proceed with the process of gathering all necessary information to construct your comprehensive information pack. Our team will provide detailed guidance on the required details to ensure full compliance with FSRA regulations.

After receiving the necessary information from you, it is now our responsibility to customize your application package. The contents of the application package will be tailored to suit the specific requirements of each company, taking into consideration the size and intricacy of your business model. Through collaboration with you, we will develop comprehensive policies and procedures, craft your Regulatory Business Plan, establish a robust Compliance Monitoring Programme, and prepare all necessary documentation. Your application should be a true reflection of your business, tailored to meet the expectations of the FSRA. Our expertise in understanding the FSRA's criteria for evaluating applications will enable us to proactively address any potential concerns, thereby minimizing delays in the approval process. Once the application pack has been finalized, we will forward it to you for your thorough review.

To initiate the FSRA authorisation process, all applications must be submitted online through the FSRA’s Connect system. Rest assured, we will handle this on your behalf. Please note that payment of the application fees will be required at this stage. Upon receipt of your application, the FSRA will formally acknowledge it and assign a dedicated Case Officer to oversee the process. Your Case Officer may reach out to you for further clarification or additional information, and our team will be available to assist in crafting professional and comprehensive responses. Should there be a need for further discussions with the FSRA, your designated Consultant will be at your disposal.

Before granting authorization, you will receive a "Minded to Authorize" notification, during which the FSRA may request that you fulfill certain conditions. We will provide guidance on how to meet these requirements, and once satisfied, the FSRA will typically grant authorization within 24 hours. Once you are granted authorization, it is imperative to adhere to the regulations set forth by the FSRA and fulfill the commitments outlined in your application. A comprehensive handover meeting will be arranged to furnish you with your compliance manual and framework, guiding you through the practical steps required to ensure compliance with the FSRA's regulations. Should you require further assistance in meeting your ongoing compliance responsibilities, we offer supplementary support services that may be of interest to you. Please consult with one of our specialists for more details.