Applying to become directly authorised by the FCA is a complex and time consuming process.
The application process can take considerable time as it requires the production of specific and detailed business documentation. For example, one area in particular where Thistle Initiatives can help is working with you to develop your business plan and financial projections.
Using our experience and knowledge of the Direct Authorisation process we will work with you to complete the required documentation. By utilising our understanding of the authorisation process you will significantly improve the transparency and clarity of your application, thereby helping to reduce the number of questions and ultimately to maximise the likelihood of a successful outcome.
Over the years, the team at Thistle has completed applications for many financial institutions including; banks, building societies, investment managers, crowdfunding, Peer 2 Peer Lending, stock/derivative brokers, IFAs, consumer credit and general insurance brokers.
We are well respected within the consultancy sector for dealing with financial innovation, specifically robo-adviser models for both investments and insurance, crowdfunding and Peer 2 Peer lending.
We have a dedicated team of 12 people, including individuals who were previously employed by the FCA, who deal and manage FCA applications on a day-to-day basis.
Thistle, through its wholly owned subsidiary, Resolution Compliance Limited, can also provide Appointed Representative Status whilst you wait for the FCA to authorise your firm directly. Our license covers sectors such as investment managers, crowdfunding, Peer 2 Peer Lending, stock/derivative brokers, IFAs, consumer credit and general insurance brokers.