FCA licenses can be divided into four categories and seven types: EU licenses (EEA authorization), full licenses (authorization), payment licenses and authorization licenses (AR); Full license can be divided into investment consulting license, STP license and MM license, and authorized license can be divided into import license and independent license.
AR can be roughly divided into two types,
One is to introduce AR(introducere appointed? Representative /IAR), only introduce customers to the entrusted broker.
The other is independently operated AR. AR, which operates independently, uses its own brand to conduct business. It needs to be authorized by FCA, that is, to obtain AR license, it must have a registered legal company and operation office in the UK.
Since the master broker is responsible for all AR activities, AR customers need to pass the compliance audit of the master broker. Customers' trading orders are usually also handled by the main broker. Because of this, AR customers can also enjoy the protection of FCA and FSCS in the UK as long as they entrust their brokers to accept the supervision of FCA in the UK.
Deal with the AR requirements of FCA in UK.
1. Local companies, individuals or overseas institutions in the UK provide financial-related services; ?
2. Practical operation in the UK; ?
3. A professional team; ?
4.AR does not need a deposit. Monthly maintenance fee (MM) All cards require a deposit.
You can apply for the FCA industry in the UK.
Deposit-taking institutions; ? Online foreign exchange dealers; ? Investment institution or investment manager; ? Family financial adviser; ? Insurance industry; ? Investment management and investment maintenance institutions; ? Creditor's rights issuer; ? Futures trading institutions; ? Other financial industries.
When inquiring about the regulatory status of AR Company, we need to pay attention to two points:
Authorized representative-refers to a company that can provide services on behalf of a regulatory authorized company (that is, an entrusted broker). The activities of authorized representatives need to be supervised by entrusted brokers.
Former authorized representative-a company that no longer provides regulated activities.