Your case officer looks for a functioning firm: senior managers in post or lined up, a compliance officer, written policies that match the permissions you want, systems and controls, and enough money to run and, if it comes to it, close the business in an orderly way. Fill important positions and prepare your financial information thoroughly before you apply.
Milestone 3 of 7
Get FCA authorised
Build the firm the FCA will assess
Put your people, systems, policies and money in place before you write the application.