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Access to all services across the site and each UK financial permissions guide. Main business categories, specialist registrations and specific activities are organised separately, with an independently readable page for every guide.
Services and resources section
UK FCA / PRA financial licence applications and acquisitions · Rengang YongshengComplete directory of UK financial authorisationsAcquisitions and transfers of UK licensed companiesUK company incorporation and lifecycle maintenanceUK Financial Services Scope and PricingPermission categories and payment institution comparisonUK Regulatory Developments and Regime BoundariesFCA / PRA official legislation and reference sourcesAbout Rengang Yongsheng and Tang ShangyongAppointments with Tang Shangyong and Online ConsultationPrivacy and disclaimer
Company legal forms and full-lifecycle services
Private company limited by shares (Ltd): formation and lifecycle maintenancePublic limited company (PLC) incorporation and lifecycle maintenanceLimited liability partnership (LLP): formation and lifecycle maintenanceLimited partnership (LP) and private fund limited partnership designation (PFLP): formation and lifecycle maintenanceScottish limited partnership (SLP): formation and full-lifecycle maintenanceSole trader establishment and full-lifecycle maintenanceOrdinary business partnership formation and full-lifecycle maintenanceCommunity interest company (CIC): formation and lifecycle maintenanceFormation and full-lifecycle maintenance of companies limited by guaranteeSetting up an overseas company's UK establishment and full-lifecycle maintenanceOpening UK business bank and payment accountsUK annual confirmation statements and accounts filingUK bookkeeping and financial recordsAssessing UK audit requirements and exemption eligibilityUK company, individual and partnership tax returns
FCA principal commercial categories
FCA-01Permission to deal as agentFCA-02Proprietary trading permissionsFCA-03Arranging deals in investmentsFCA-04Investment advice permissionsFCA-05Investment management permissionsFCA-06Asset custody and safekeepingFCA-07Contracts for difference CFD businessFCA-08Foreign exchange derivatives businessFCA-09Multilateral trading facilities MTFFCA-10Organised trading facility OTFFCA-11Investment platforms and SIPPFCA-12Full-scope UK AIFMFCA-13Small authorised AIFMFCA-14Small registered AIFMFCA-15UCITS Fund ManagementFCA-16Collective investment schemes CISFCA-17Pension administration permissionsFCA-18Consumer lendingFCA-19Credit brokingFCA-20Debt counselling and debt adjustingFCA-21Debt collection and managementFCA-22Mortgage intermediationFCA-23Mortgage lending and administrationFCA-24Insurance distribution and intermediationFCA-25Funeral Plan Providers and IntermediariesFCA-26Authorised payment institution APIFCA-27Small payment institution SPIFCA-28Authorised electronic money institution AEMIFCA-29Small electronic money institution SEMIFCA-30Account information services RAISPFCA-31Claims management companies CMCFCA-32Cryptoasset Business MLR RegistrationOTHER-01Recognised Investment Exchange RIEOTHER-02Credit rating agencies CRAOTHER-03Benchmark administratorsOTHER-04Trade repository TROTHER-05SFTR Trade RepositoryOTHER-06Approved reporting mechanism ARMOTHER-07Approved publication arrangement APAOTHER-08Consolidated tape provider CTPOTHER-09Appointed representatives AR and IAROTHER-10Credit information servicesOTHER-11Investment-based crowdfunding platformsOTHER-12P2P lending platformsOTHER-13Consumer Buy-to-let registration
PRA Main Business Categories
PRA-01UK Domestic BanksPRA-02UK branches of overseas banksPRA-03Building societyPRA-04Credit unionsPRA-05Life insurerPRA-06General insurance companiesPRA-07Reinsurance companiesPRA-08UK branches of overseas insurance companiesPRA-09Lloyd’s managing agentsPRA-10Insurance special purpose vehicles ISPVPRA-11Multi-arrangement insurance vehicles MISPVPRA-12Friendly societiesPRA-13Mutual insurersPRA-14PRA-designated large investment firmsPRA-15Captive insurerPRA-16Insurance risk transfer structuresAP-01PRA Variation of Permission VoPAP-02PRA change in control approvalAP-03PRA senior manager approvalAP-04Financial Holding Company ApprovalAP-05Mixed financial holding company approvalAP-06PRA Waiver or Modification of Prudential RulesAP-07PRA Special Permission under Prudential RulesAP-08Special approvals relating to capital and liquidityAP-09PRA Specific Prudential Approvals for Insurance BusinessAP-10PRA structural reform approvals and group arrangementsBANK-01UK Domestic Banking Business ModelsBANK-02Commercial banking business modelBANK-03Retail banking business modelBANK-04Digital banks and new banking modelsBANK-05Private banking business modelBANK-06Wholesale banking business modelBANK-07UK branch business of overseas banksBANK-08Building society modelBANK-09Credit union model
Other specialist financial regimes
Insurance classes, banking models and specialist activities
Securities brokerage and reception and transmission of ordersInvestment advice and non-MiFID exempt modelsClient-by-client discretionary portfolio managementForeign exchange derivatives, rolling spot and retail CFDProprietary trading, market making and algorithmic tradingUnderwriting and placingCorporate finance and mergers and acquisitions advisersMultilateral trading facilities MTFOrganised trading facility OTFSecurities custody and fund depositary servicesUK branches of overseas investment firmsPooled investment and pension supportPRA-designated significant investment firmsFull-scope external AIFM: pure fund management CPMFull-scope internally managed AIFFull-scope AIFM with MiFID additional business CPMISmall authorised UK AIFMSmall registered status: internally managed closed-ended investment companiesSmall registered status: external managers of specified property fundsRegistered venture capital fund management label RVECASocial entrepreneurship fund management label SEFUK UCITS management companiesAuthorised AIF products: NURS and QISLong-term asset fund LTAFOverseas AIFM and UK NPPR marketingCash deposit services for payment accounts: item 1(a)Cash withdrawal services for payment accounts: item 1(b)Execution of payment transactions without a credit line: item 1(c)Execution of payment transactions with a credit line: item 1(d)Issuing payment instruments or merchant acquiring: item 1(e)Money remittance services without payment accounts: paragraph 1(f)Payment initiation services: item 1(g)API additional account information services: paragraph 1(h)Cash deposits into payment accounts and account operationCash withdrawals from payment accounts and account operationExecution of payment transactions not covered by a credit lineExecution of payment transactions covered by a credit lineIssuing payment instruments or acquiring payment transactionsSmall-scale remittance and ancillary foreign exchange servicesElectronic money wallet and prepaid card issuance modelsUnrelated payment service models for UK entitiesAdditional payment initiation and account information servicesUK branch authorisation route for overseas legal personsLow-balance SEMI business model: average outstanding electronic money below 50 × 10,000 eurosCapital applicability to the SEMI business model: average balances of 50 × 10,000 to 500 × 10,000 eurosSEMI also providing unrelated payment servicesSEMI operating through payment agents or electronic money distributorsLimited network or restricted-use instruments: SEMI scope comparison, not a sub-licenceOrdinary personal loans and credit cardsHigh-Cost Short-Term CreditMotor purchase finance and hire purchaseConsumer hire and long-term vehicle hireSpecialist and ancillary credit brokingLimited-permission own-account instalment lending and ancillary activitiesDebt collecting and debt administrationDebt counselling, debt adjusting and debt management plansThird-party regulated buy now, pay laterMerchant-provided interest-free instalments and the DPC broking exemptionCredit reference and consumer credit information servicesResidential mortgage advice and arrangingNon-bank Regulated Mortgage LendingMortgage administration and third-party servicesSecond-charge mortgages and debt consolidationLifetime mortgages and equity releaseRetirement interest-only mortgagesHome reversion plansRegulated home purchase plans and alternative housing financeConsumer buy-to-letBoundaries for business buy-to-let, commercial property and bridging loansAppointed representatives and introducer appointed representativesNon-life Class 1: AccidentNon-life Class 2: SicknessNon-life Class 3: Land VehiclesNon-life Class 4: Railway Rolling StockNon-life Class 5: AircraftNon-life Class 6: ShipsNon-life Class 7: Goods in TransitNon-life Class 8: Fire and Natural ForcesNon-life Class 9: Other Damage to PropertyNon-life insurance Class 10: motor vehicle liabilityNon-life insurance Class 11: aircraft liabilityNon-life insurance Class 12: liability for shipsNon-life Class 13: General LiabilityNon-life Class 14: CreditNon-life Class 15: SuretyshipNon-life Class 16: Miscellaneous Financial LossNon-life Class 17: Legal ExpensesNon-life Class 18: AssistanceLong-term insurance Class I: life and annuitiesLong-term insurance Class II: marriage, civil partnership and birth insuranceLong-term insurance Class III: linked life and annuitiesLong-term insurance Class IV: permanent health insuranceLong-term insurance Class V: tontinesLong-term insurance Class VI: capital redemption contractsLong-term insurance Class VII: pension fund management contractsLong-term insurance Class VIII: specified collective business referenced in legislationLong-term insurance Class IX: specified social insurance businessThe 16 MCR measurement segments of PRA: not licensing categoriesUK-Incorporated Direct Insurers and Mutual StructuresSmall non-Directive insurersUK branches of overseas insurersThe Society, members and syndicates in the Lloyd’s marketLloyd’s managing agentsPure reinsurersInsurance special purpose vehicles ISPVMulti-arrangement ISPV and PCC risk transformation platformsCaptive insurance and reinsurance under current Solvency UKProposed simplified UK regime for single-parent group captivesFurther Reforms for PCC Captives and Association CaptivesGeneral insurance brokers and agentsCommercial insurance, specialist risks and reinsurance brokingManaging general agents and authorised underwriting agentsLloyd’s and London market intermediariesInsurance comparison websites and digital distributionPure protection life insurance and income protection distributionDistribution of investment-based life insurance and long-term care insuranceAncillary insurance for retailers and service providersAppointed representative and introducer appointed representative routesPolicyholder claims assistance and loss assessmentCurrent exchange, brokerage and P2P arrangementsCurrent custodial wallets and private key custodyCryptoassets ATM2027 Qualifying Cryptoasset Trading Platforms2027 Boundaries of Dealing as Principal and Market Making2027 Dealing as Agent and Arranging Deals2027 Custody and Arranging Custody2027 Issuing Qualifying Stablecoins in the UKSystemic sterling stablecoin issuers2027 Qualifying Cryptoasset Staking ArrangementsCryptoasset lending, borrowing and yield productsToken issuance, listing disclosures and the boundaries of non-custodial technologyElectronic P2P lending platforms for personal and business borrowingEquity investment crowdfundingBond and debt securities crowdfundingPublic offer platformsReal estate project crowdfunding and housing finance boundariesCrowdfunding business within an Innovative Finance ISA wrapperDonation-based and non-financial reward-based crowdfundingBulletin boards, investment transfers and secondary trading functionsCredit Ratings of Non-financial Corporates and Debt InstrumentsRatings of banks, investment firms and other financial institutionsCredit ratings of insurance and reinsurance institutionsSovereign and public finance ratingsStructured finance and securitisation ratingsThird-country CRA certification routeEndorsement of Overseas Ratings by a UK-Registered CRAExemption from specific rules for firms with fewer than 50 employeesBoundaries between private ratings, statistical credit scoring and general rating dataESG factors in credit analysis and the boundary with standalone ESG ratingsApproved reporting mechanism (ARM)Approved publication arrangement (APA)Bond consolidated tape provider (CTP)Equity consolidated tape provider (CTP, establishment and procurement preparation stage)UK-Incorporated BanksUK subsidiaries of overseas banksUK branches of overseas banksBuilding societyGreat Britain credit unionsNorthern Ireland credit unionsBank mobilisation route with restricted authorisationRegistered account information service provider (RAISP)UK Recognised Investment Exchanges (RIE)Recognised overseas investment exchange (ROIE)UK benchmark administrators: authorisation or registrationThird-country benchmarks: recognition, endorsement or equivalence notificationUK EMIR trade repositories (TR)UK SFTR trade repositories and extensions of registrationCMC permission 1: seeking out, referring and identifying claimsCMC Permission 2: Personal Injury ClaimsCMC Permission 3: Financial Services or Financial Product ClaimsCMC Permission 4: Housing Disrepair ClaimsCMC Permission 5: Specified Benefit ClaimsCMC Permission 6: Criminal Injury ClaimsCMC Permission 7: Employment-related ClaimsAppointed representatives and introducer appointed representatives (AR/IAR)Credit reference agenciesCredit information service providersCredit rating agency registration under specific legislationHMRC Money Service Businesses (MSB): AML SupervisionHMRC Trust or Company Service Providers (TCSP): AML SupervisionBank of England recognition and supervision of central counterparties (CCP)Bank of England recognition and supervision of central securities depositories (CSD)FMI Important Payment and Settlement Systems: Regulatory PerimeterPrepaid funeral plan providersDistribution-Only Funeral Plan Firms
