Milestone 2 of 7 Get FCA authorised

Choose your route

Apply for direct authorisation, become an appointed representative of an authorised firm, or join a network.

Direct authorisation gives you full independence but asks for governance and resources from day one. As an appointed representative, an authorised principal accepts responsibility in writing for your regulated activities. A network sits between the two. Choose with your capital, the complexity of your activities and your appetite for running compliance yourself in mind.

Appointed representative vs direct authorisation

Cost, time to market, governance burden and long-term flexibility of each route.