The FCA has launched a new asset management authorisation hub.
The hub is intended to support new firms by assisting them throughout the authorisation process and afterwards. However, the hub will not lower entry standards to the market and entrants will need to meet the same standards as current firms before they receive authorisation.
The hub is based on four principal objectives, to:
- clarify expectations and support firms with better guidance on regulations and processes;
- make information easier to access via a dedicated portal for investment managers on the FCA’s website;
- foster better engagement between the FCA and new entrants; and
- provide end-to-end support for firms moving through the start-up cycle.
Further phases of the hub will be rolled out throughout 2018.
View FCA launches the asset management authorisation Hub, 16 October 2017