The UK financial industry is a vast, complex and highly regulated place.
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It is therefore important to understand the application procedure in place when looking to acquire a UK forex license. Knowing who the regulatory body for UK forex brokers is also essential as compliance with the rules and regulations as laid down by this regulatory body is paramount.HOW TO CHOOSE THE BEST FOREX BROKER / TRADING ACCOUNT (Mr. Broker)
Let Starting Business assist you with your forex license application and get your business up and running. The regulatory body responsible for the issuing of forex licenses and monitoring of forex activity is the UK FSA, also known as the UK Financial Services Authority. The UK FSA was established to provide a regulatory framework for all financial companies from rule making and investigatory practices, to powers of enforcement and ensuring statutory conditions are met.
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The UK FSA enforces its regulations through the Financial Services and Market Act FSMA. Despite being an independent body, the UK FSA is answerable to the Treasury and higher up, the UK Parliament.
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To obtain UK forex license the first thing you must do is create a UK company for the purpose of engaging in forex activity in the UK. This application typically requires certain documents to be submitted to the UK FSA, These documents are the company Memorandum and Articles of Association, and company manuals for internal and external procedures.
You may also need to submit results of your fit and proper test. We are much more than a traditional corporate services provider. We form close partnerships with our clients to help guide them on the most appropriate solutions to suit their business needs.
Start your UK Forex business Let Starting Business assist you with your forex license application and get your business up and running. The scope of the UK FSA regulates exchanges, financial companies and financial services markets.
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