3 FCA interim permission and authorisation

This module explains the temporary arrangements for firms following the transfer of regulation
from the Office of Fair Trading to the Financial Conduct Authority (FCA), and the requirements
for firms wishing to become directly authorised by the FCA.

In this module you will learn about the following areas:

The requirement for firms to hold an Interim Permission.

The process for firms to apply for FCA authorisation, and the difference between a Limited or Full Permission.

Appointed Representatives. 

The FCA's Threshold Conditions for firms wishing to become authorised.   

What are Approved Persons and controlled functions.

FCA reporting requirements.