FCA Authorisation Application Assistance

Welcome to Sterling Law – Your Partner in Navigating FCA Authorisation
We specialise in helping businesses successfully obtain regulatory authorisation from the Financial Conduct Authority (FCA) to operate as a Small Electronic Money Institution (SEMI) or Authorised Electronic Money Institution (AEMI) in the UK.
Our Expertise
We offer end-to-end support tailored to your specific business needs, ensuring compliance with all FCA requirements, including:
- Eligibility Assessments: Ensuring your business model meets the regulatory criteria.
- Documentation Preparation: Drafting and reviewing your business plan, safeguarding measures, governance arrangements, and policies.
- Regulatory Submission: Compiling and submitting your application via the FCA’s Connect system.
- Post-Submission Support: Addressing FCA queries and requests for additional information.
What You Need for an Application?
For Both SEMI and AEMI Applications:
- A detailed business plan and programme of operations.
- Robust governance arrangements and risk management procedures.
- Compliance with money laundering regulations (MLRs).
- Adequate initial capital and safeguarding mechanisms for client funds.
- Registration of directors, management, and anyone with a qualifying holding in your firm.
Key Differences
- SEMI: Limited to issuing e-money with average outstanding e-money under €5m and restricted payment services (no AIS/PIS).
- AEMI: No such limits; allows broader services and access to EU markets under passporting.
Our Fees
Our services are designed to provide comprehensive legal support while ensuring transparency in costs:
Service | Fee | Hours Included |
---|---|---|
SEMI Application | £15,000 + VAT | Up to 32 hours |
AEMI Application | £17,000 + VAT | Up to 32 hours |
- Additional Hours: Charged at £270/hour + VAT.
- Disbursements: Any third-party fees (e.g., translations, AML checks) will be charged separately.
Why Choose Us?
- Specialised Knowledge: Extensive experience in handling FCA authorisations.
- Tailored Approach: We customise our support to fit your unique business model and goals.
- Efficiency: We ensure your application process is streamlined, saving you time and resources.
Next Steps
- Consultation: Discuss your business model and assess eligibility.
- Preparation: Draft all necessary documentation and policies.
- Submission: Complete and submit your FCA application.
- Support: Assist with post-submission queries and additional requirements.