fca authorisation consultants
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Obtaining FCA authorisation for your business is a crucial step if you're planning to conduct activities related to investments, payments, mortgages, consumer credit, or claims management. The Financial Conduct Authority (FCA) requires firms to meet its rules and minimum standards, known as threshold conditions, unless they qualify for an exclusion or exemption.
At MEMA Consultants, we specialize in guiding firms through the FCA authorisation process. Our dedicated Regulatory Directors provide personalized support, helping you understand and meet the FCA's requirements.
Expert Guidance for FCA Application
Our process begins with a thorough fact-finding session to understand your business model and services. We provide tailored advice on compliance and risk management, ensuring your application meets the FCA's standards.
Comprehensive Support for Your FCA Application
MEMA Consultants prepares a range of essential documents to support your application, including a Regulatory Business Plan and Compliance Monitoring Plan. We also provide a compliance manual to help you implement FCA requirements once authorised.
Efficient Application Submission
We assist you in completing the online application and submitting all necessary forms to the FCA. In case of any queries from the FCA, your dedicated Regulatory Adviser will help craft a comprehensive response.
Benefit from Exclusions or Exemptions
Certain business models may qualify for exclusion or exemption from FCA authorisation. This applies to professional firms like solicitors, or where specific financial services structures fall outside of regulation. Appointed Representatives, working on behalf of a Principal, also fall under exemptions.
Get Expert Guidance from MEMA Consultant
If you're unsure about your need for FCA authorisation, we can help clarify your situation. Our goal is to ensure that your application process is successful and that your business is well-prepared for positive customer outcomes.
Ongoing FCA Compliance
As an FCA authorised person or firm, you might need help to ensure you comply with the FCA’s rules.
We provide our clients with support they need to maintain compliance and avoid breaching the rules. Our bespoke service is individually tailored to each of our client’s requirements and objectives to help them meet in the best way possible.
Whether you need documentation to help you remain compliant, want ongoing advice or support, impartial monitoring of your activities or anything else, MEMA may be able to help.
Why Choose MEMA?
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MEMA has been supporting firms through the FCA compliance process since 2019. In that time, we have helped hundreds of businesses to successfully gain and retain FCA authorisation.
We have a unique blend of experience from ex-regulators, big 4 consultants and fin/regtech specialisation. Our team is highly experienced and expertly skilled. We specialise in providing our clients with solutions to often complex regulatory requirements and compliance needs.
Our unique industry insight and comfort with compliance enables our team to support you to the fullest extent possible, helping to develop your business model and compliance.
Insights
Putting Customers First: Insights from the FCA's £10.9 Million Fine on TSB
Financial Promotions Under Scrutiny: FCA Doubles Down on Compliance Enforcement
Revised U.K. Financial Regulators' Complaints Scheme - Coming into effect 1, November 2023
The UK Financial Crime Legislation framework
Regulatory considerations for Consumer Credit Firms
The FCA Register
Understanding the FCA thematic review (part1)
Preparing for your annual FCA Reporting Requirements
How to get FCA authorised (part 2)
Use of Personal Communications Channels. A Compliance Concern for Regulated Entities
What are AML Trigger events your team needs to be aware of?
How you can enhance your financial crime controls
Horizon Scanning for Compliance Officers in UK Banking & Payment Services Sector: Key Strategies
Planning for FCA Authorisation
FCA Cryptocurrency Regulation Part 1
Your key contacts
ADEMOLA OMOSANYA
Ademola is an accomplished consultant with over a decade of experience across regulation, banking, and consumer credit. As MEMA Consultants co-founder, he leverages extensive regulatory expertise to guide clients through critical processes and full compliance. His experience across sectors enables tailored solutions to complex business challenges. Ademola partners with clients as a strategic advisor to help futureproof their business through an in-depth understanding of the regulatory landscape.
MISAH MARAGH
Misah is a director at MEMA Consultants with over a decade of experience in financial services. Holding a legal background and postgraduate qualification, she previously worked at the Financial Conduct Authority. Misah has led compliance transformation for global consumer services organisations across Europe, the Caribbean, and Latin America. Her expertise includes implementing compliance frameworks for financial regulations, FCPA, UK Bribery Act, data privacy, and Sarbanes-Oxley. Misah is skilled at advising clients on operational and strategic projects, leveraging her in-depth knowledge of regulatory environments to deliver solutions tailored to complex business needs.
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