To get you authorised with the FCA, we will charge an application fee payable on submission, and a monthly fee - please see our plans for the cost - payable from authorisation.

The FCA charge 2,720 on submission, and an annual charge (some of which is based on your expected and actual turnover), and you need Professional Indemnity Insurance.

You need to hold capital adequacy of 5,000 prior to submission and on an ongoing basis thereafter.

We can provide a full compliance management service, including the following:

1. Document library, including Suitability Report templates

2. Auto-Suitability report writer on BAT

3. A New Business and Turnover solution on BAT

4.Ongoing file checking including pre-sale if required; based on 10 per cent of cases or 1 per month

5. Annual Audits

6. T&C Support - 1-2-1 meetings, Role Plays, Training, Annual Knowledge updates and online testing

7. FCA returns

The contract is for a minimum of 12 months.

The fee includes a compliance management software systemwww.batsoftware.co.uk.

Here is a complete list of the services we do for IFAshttps://ifac.eu/pages/plans.php

Post authorisation

After authorisation we will continue to act for you as your compliance manager.

We audit the firm's processes, are in contact with you regularly and keep you acting in accordance with FCA rules etc.

After authorisation we will submit FCA returns, regularly audit your process and give you a compliance management system BAT. The system will keep a record of activities in line with FCA requirements. The system will also record customer vulnerability online, and allow automatic sanction checks as well as the ability to undertake anti-money laundering checks.

FCA Application

We will get the application submitted after receiving all the relevant paperwork required from you. We have a large number of template documents that will need adjusting for you.

The FCA can take 6-12 months.

The FCA may have questions with regard to the firm and its application, which we will assist in answering with you. They will also likely require a meeting to discuss your application.

Next Steps

If you are keen to progress, please sign on the below link. We will be in touch with formal paperwork and start to build the application - the first step would be a discussion to go through the facts to enable us to build the application.

Apply now