FCA sets out approach to international firms
Released 03 February 2021
The Financial Conduct Authority (FCA) has published its approach to the authorisation and supervision of international firms.
The publication explains how the FCA will assess international firms when they apply for authorisation to operate in the UK market. The FCA has considered responses to a consultation published last year (CP20/20) and has also published a feedback statement alongside the approach document.
The FCA expects firms seeking authorisation to have an active place of business in the UK to enable it to effectively supervise its UK activities.
Further details, including a link to the consultation document, can be found at https://www.fca.org.uk/news/press-releases/fca-sets-out-its-approach-international-firms.