Choosing which financial center to enter is not a straightforward jurisdictional choice.
Authorizations
Practical guidance for UK firms navigating US SEC authorization and FINRA compliance, including best practices and tips.
Implications for principals and ARs.
By using the tool and checking if a firm is authorized, people can significantly reduce their chances of falling victim to fraud.
HMT is proposing a regulatory gateway requiring authorized firms acting as principals to ARs to have specific FCA permission.
The UK regulator recently published a list of common errors it observed from asset management firms applying for authorization or variation of permission.
FCA publishes data showing authorization metrics continue to improve.
Gavin Stewart asks if the NAO's criticism of the FCA is fair, and ponders the role the NAO plays.