Authorisation
Our managing partner, Dr Thaer Sabri, advised on and successfully obtained the first UK e-money authorisation in 2002. He has since advised and obtained authorisations for many of the current UK e-money issuers.
Our full-service authorisation offering can be tailored and includes advice on the appropriate permissions to support service delivery. We analyse the services provided by the applicant’s business. This determines required permissions and identifies applicable exclusions. It may be possible to structure services under different regulatory interpretations, each with consequent implications for the business.
We work with the applicant to produce the application package for submission to the relevant regulator, including the requisite forms and operational documents. We can support all required areas of an application, in particular: IT security, legal advice and drafting (through our sister company, FM Legal), AML and regulatory compliance.
This process can also support variations of permissions for existing authorised entities and will, in both instances, utilise Flawless Money’s full range of expertise that distinguishes us from our competitors.
We also offer practical assistance to facilitate the establishment of the applicant’s business, including incorporation, legal and recruitment services.
Contacts
Dr Thaer Sabri
Dr Thaer Sabri
Managing director
Ruth Mitchell
Ruth Mitchell
Senior consultant
Featured Headlines
Preparing an Application for Authorisation
Service description and permissions mapping
Service description and permissions mapping
Head office and staffing
Head office and staffing
Outsourcing and Inter-company arrangements
Outsourcing and Inter-company arrangements
Financial forecast and Stress Testing
