By 1 January 2021, many firms globally will need to adapt their business models and regulatory registration arrangements to continue operating within the UK. This means:
We help global firms find solutions to the challenges presented by Brexit. Whether you are seeking long- or short- term solutions to access the UK markets, we can help.
Our experienced authorisations team can support you, whether you are submitting a full FCA license or a third-country branch application. We will draft the FCA application package, prepare for meetings with the regulator where required, and respond to FCA due diligence requests.
We help UK and other non-European Economic Area (EEA) firms continue to access their EEA clients and investors using our Mirabella Tied Agent MiFID-passporting solution.
We assist with the steps necessary to convert the status of an entity’s branch from an EEA to a Third Country Branch. This includes, the required FCA application, Compliance documentation, systems and controls gap analysis and ongoing support.
ACA can support firms with a range of solutions to assist with the ongoing compliance obligations arising from rules promulgated by the UK FCA – be they for fully authorised firms or third country branches. These include:
TPR Notification Management: We help EEA based firms submit their TPR notification to the UK FCA for a short-term solution, as well as supporting them in their understanding what it means to operate in the UK under the TPR. This enables you to continue operate in the UK in line with your current permissions for a limited period, while considering longer term options – including seeking an authorised and regulated presence in the UK, which we can help you with.
A highly-flexible switch on, switch off solution as the client makes its own arrangements for a longer-term European office/arrangement.
We help firms understanding how Brexit affects their firm, along with details on the wider regulatory implications.
Once the firm is authorised by the FCA, we can offer RegTech solutions to support day-to-day compliance activities.
Our team can also provide other registration services that are required, including with FINRA, the SEC and the CFTC in the US and the SFC in Hong Kong.
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