Legal & Compliance


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License Applications
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Most business conducted within the financial industry needs to be licensed by the Financial Services Authority. In these license applications, your company needs to demonstrate how you meet the requirements for internal governance and control, as well as how you intend to comply with appropriate regulations. It is essential to keep track of the details in your license applications for an efficient process. We can help you handle the entirety of the license application for all types of licenses:

  • Banks
  • E-money institutes
  • Fund managers
  • Asset managers
  • Insurance companies
  • Payment services

The FCG Method

Many of our specialists have a background in the Financial Services Authorities which means that FCG has excellent knowledge about the latest supervisory and market practices and best practice in relation to license applications. We have broken down our methodology into four steps:

FCG Application Model

Pilot study

We analyze the intended operations from a license perspective in order to identify possible options. In the next step we present adapted recommendations including consequences associated with different licenses such as resource requirements, costs, supervision and business options etc.

Start-up

Together, we establish a common target picture, and division of responsibilities. FCG delivers a quality assured and tailored project plan.

Application

FCG develops an application that meets the FSA’s requirements, including operational business plan, internal rules, financial forecasts and other required documents. All according to the latest market and regulatory practice which ensures an efficient handling.

Implementation

We provide assistance to ensure that regulatory requirements and internal goals are met when the business is commenced. FCG offers services that enable scalability and cost efficiency and ensure that you continue to fulfil the licensing requirements.

Key benefits

  • Access to FCG’s knowledge, in-depth and relevant expertise regarding the latest developments in regulatory framework, enforcement and market development.
  • Efficient processes tailored to your conditions and resources
  • Access to the extensive experience and know-how from previous permit applications
  • Partner with the overall responsibility for project management throughout the entire process chain
  • Services that enable scalability and cost efficiency
  • Application package follows the latest market and regulatory practice which ensures an efficient handling

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