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This practical course will help identify where FCA regulation may impact your business model, understand the relevant regulatory requirements where it does and position your firm positively with the FCA, whether for applications, a regulatory sandbox or full authorisation.
The requirements of being FCA regulated can often be a culture shock and lead to unnecessary, costly and damaging interventions. Many FinTech firms do not understand the nature and consequences of the “regulatory perimeter” and the consequences for even an inadvertent breach --- neither the FCA or the law recognise the approach that it is “better to seek forgiveness than permission” --- and fail to appreciate how easy it is to be in criminal breach of the Financial Services and Markets Act.
Making use of CASE STUDIES and SYNDICATE EXERCISES, this practical course will help founders, senior staff and advisers of FinTech firms understand the boundaries of regulated and unregulated activity, the concerns and powers of the FCA, the various routes to conducting regulated business, creating successful sandbox and regulatory authorisation applications and how to navigate the cultural differences between the FCA’s governance requirements and tech practices such as “agile” and the practical issues these throw up.
Attending will help you:
Topics covered may include but are not limited to: