How to apply for an AR license regulated by the FCA in the UK?

Hello, glad for this question.

UK FCA license division.

FCA licenses can be divided into four categories and seven types: EU license (EEA authorization), full license (authorization), payment license, and authorization license (AR); The full license can be divided into three types: investment consulting license, STP license and MM license, and authorization license can be divided into two types: introductory type and independent type.

AR can be broadly divided into two types, one is IntroducerAppointed Representative IAR, which only introduces clients to the subject broker.

The other is AR that operates independently. An independent AR that operates under its own brand needs to be authorised by the FCA, i.e. to obtain an AR license, and must have a registered and legal company in the UK with an operating office.

Since the lead broker is responsible for all activities of AR, AR clients are required to pass the compliance review of the lead broker to open an account. Clients' trading orders are also usually processed by the prime broker. Because of this, as long as the principal broker is regulated by the FCA in the UK, then AR clients can also enjoy the protection of the FCA and the Financial Services Compensation Scheme (FSCS) in the UK.

Handle the AR requirements of the FCA in the UK.

1.UK-based companies, individuals or overseas institutions providing financial related services;

2.There is a local operation in the UK;

3.a team of professionals;

4.No security deposit is required. Monthly maintenance fees.

When querying the regulatory status of AR companies, you need to pay attention to two points:

Appointed Representative – This is a company that may provide services on behalf of a regulator authorized firm (i.e. an anchor broker). The activities of an authorized representative are subject to the supervision of the principal broker.

Appointed Representative Former – A company that no longer provides regulated activities.

If it is confirmed that you can apply for FCA and have a chance to pass, you will have a tripartite meeting with the British cooperative lawyer company, and the lawyer will evaluate your operational suggestions and operational strength, confirm the next step of preparation or recommend that you prepare before applying.

Handle the AR requirements of the FCA in the UK.

1.UK-based companies, individuals or overseas institutions providing financial related services;

2.There is a local operation in the UK;

3.a team of professionals;

No security deposit is required. Monthly maintenance fee (mm) requires a margin for all cards.

Applying for the UK FCA incorporation requirements.

UK-based companies, individuals or overseas institutions providing financial related services;

There is a local operation in the UK;

a team of professionals;

A certain amount of margin.

You can apply for the UK FCA industry including:

deposit-accepting institutions;

investment institutions or investment managers;

Family Financial Advisors;

insurance industry; investment management and investment maintenance institutions;

debt issuers;

** Trading institutions;

Other financial industries.

Requirements for the establishment of the UK FCA for registration applications:

1 UK companies, individuals or overseas organisations providing related services;

2. Have actual operations in the UK;

3 A team of professionals;

4. A certain amount of margin. (The amount is large, converted into about several million RMB)5 The time is about 50 working days.

6 The cost of applying for a license is relatively high, and you can choose according to your own funding plan.

There are three types of FCA financial regulatory licenses.

The first type: EU license. According to the current EU regulatory law, any regulation obtained in one EU country should be recognized by the other countries.

Financial regulatory licenses such as Germany, Italy and France are the weakest ones. In fact, these companies are not regulated by the FCA. Usually the EU license will show "EEA authorised" on the status column of the FCA's regulatory information**, and there is no FSCS compensation statement, which is a typical "unable to hold client money" type of license.

Some small countries in the European Union, such as Cyprus, registered foreign exchange brokers in the UK FCA license will show that their UK license can actually only allow them to accept UK residents to open accounts, introduce customers to their headquarters to open accounts, not really FCA regulated foreign exchange brokers.

fxpro(eea)

The second type is the basic license. Compliant with UK regulation, but without an office or branch office in the UK.

Most of them are issued to some white labels. The white label of a large broker will only be this kind of license, because the cost of obtaining a license to hold client money is very high, and it is not necessary for a white label. This and the first are usually unable to hold client money, i.e. they are not qualified to hold client money.

The Basic License's license clearly mentions in the FCA's regulatory information that FSCS compensation is not available.

bmfn(basic license)

The third type is a full license. Must be FCA vetted and have a physical office in the UK.

Most of them are able to hold client money, i.e. they are qualified to hold client money. Companies with "able to hold client money" need to pay an additional margin of more than £2 million, which means that the financial company can hold and keep customer funds, which is truly regulated by the FCA for foreign exchange dealers to be protected by the Financial Services Compensation Scheme (FSCS).

The UK is currently the most complete and sound country in the world in terms of financial services, and FCA regulation is also very strict and powerful, because it has an FSCS investment compensation scheme (investment companies go bankrupt, and you can get up to 50,000 pounds of compensation for applying for FSCS), which is also quite popular with investors. And through the Financial Services Regulatory Authority (FSA), all financial services institutions registered in its territory are strictly supervised. One of the global leaders in the world when it comes to the FCA license.

Under the Financial Services Compensation Scheme, brokers who trade with an FCA license are required to have an investment value of £85,000, and the FCA is the most valuable forex license, which is also good for their long-term survival and can attract more clients.

Requirements for the establishment of the UK FSA for registration applications:

1) UK companies, individuals or overseas institutions that provide financial related services;

2. Have actual operations in the UK;

3 A team of professionals;

4. A certain amount of margin.

There are also regulations that need to be followed to register as a UK FSA:

1) Money Laundering Regulations 2007 (MLR);

2) Payment Services Regulations 2009 (PSRS);

3) Electronic Money Regulations 2011 (EMRS).

At present, FCA licenses are divided into four categories and seven types: EU licenses, AR licenses, payment licenses and full licenses; The full license can be divided into three types: investment consulting license, STP license and MM license, and AR license can also be divided into two types: introductory type and independent type.

From 1 April 2013, the UK Financial Services Authority (FSA) was replaced by two new regulators, the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). The regulatory authority for brokers will be fully transferred from the FSA to the FCA.

The UK is currently the most complete and sound country in the world in terms of financial services, and through the Financial Conduct Authority (FCA) of the United Kingdom, all financial services institutions registered in its territory are strictly regulated.

The Financial Services Authority (FSA) of the United Kingdom was restructured in October 1997 by the Securities and Investments Board (SIB, which was established in 1985) as an independent non-leading organization, which intends to become a unified regulator of the British financial market, exercising statutory responsibilities and directly reporting to the British Treasury. Its purpose is to regulate the financial services industry; Maintain an efficient, orderly and clean financial market; Help small and medium-sized investors to obtain fair trading opportunities.

In accordance with the Financial and Market Services Act 2000 of the United Kingdom, the maintenance of financial order includes four aspects:

1) Maintain the confidence of the UK financial market and the industry.

2) Promote public understanding of the financial system and the benefits and risks of different types of investments and financial transactions.

3) Ensure that the regulated institutions have appropriate operating capacity and sound financial structures to protect investors.

At the same time, educate investors to correctly understand the investment risks.

(iv) Monitoring, preventing and combating financial crime.

There are three main types of regulatory licenses issued by FCA.

EEA Authorised (EU License).

Authorised (MM full license).

Among them, the highest level is the MM license, followed by the authorized AR license, foreign exchange platform traders, with these different levels of licenses, they can have the qualification to carry out foreign exchange (guarantee levy trading) business under the supervision of FCA, and customers can trade on the platform with more security and capital security.

There is a local operation in the UK;

a team of professionals;

A certain amount of levy.

Friends of financial investment, especially foreign exchange levy investment, know the importance of supervision for brokers, because having formal and strict supervision plays a vital role in the safety of investors' funds. Among the many regulators in the world, only the Financial Conduct Authority (FCA) in the United Kingdom is considered by investors to be the most regulated and strict regulator, and its "Financial Services Compensation Scheme" is effective for global customers, so large brokers have joined the FCA regulatory camp to attract customers, and investors are more interested in FCA-regulated brokers.

Hello, glad for this question.

Advantages of a UK FCA license:

1.One of the global leaders in the world when it comes to the FCA license.

2.Under the Financial Services Compensation Scheme, brokers who trade with an FCA license are required to have an investment value of £85,000, and the FCA is the most valuable forex license, which is also good for their long-term survival and can attract more clients.

As a global financial center, the UK is currently the country with the most complete financial services and the most complete institutional framework in the world. The UK strictly supervises all financial services institutions registered in its territory through the Financial Conduct Authority (FCA), and the FCA will approve the financial institution's capital and operation regulations once a year, and if it violates the regulations, it will be severely punished and even revoke the regulatory license.

At present, FCA licenses can be divided into four categories and seven types: European licenses, full licenses, payment licenses, and authorized licenses; The full license can be divided into three types: investment consulting license, STP license and MM license, and authorization license can be divided into two types: introductory type and independent type.

Handle the AR requirements of the FCA in the UK.

1.UK-based companies, individuals or overseas institutions providing financial related services;

2.There is a local operation in the UK;

3.a team of professionals;

4.AR does not require a security deposit. Monthly maintenance fee (mm) requires a margin for all cards.

Can apply for the UK FCA industry:

deposit-accepting institutions; **Foreign exchange dealers; investment institutions or investment managers; Family Financial Advisors; insurance industry; investment management and investment maintenance institutions; debt issuers; ** Trading institutions; Other financial industries. Internationally, the British financial industry enjoys a high reputation, and the British pound was once the world's dominant currency. Now the position of the pound has long been replaced by the dollar, but with the foundation of an old financial power, the UK is extremely regulated and strict in financial regulation.

Of all the regulations in the world, the UK's Financial Conduct Authority (FCA) is a household name in terms of the level of rigor of regulation. FCA-regulated brokers are enrolled in the Financial Services Compensation Scheme (FSCS), which compensates clients worldwide for their risk losses. As a result, many clients are highly interested in FCA-regulated brokers, and brokers prove their strength by having an FCA license.