Licensing

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FCA Mission: Approach to Authorization

FCA report sets out its approach to authorizations

UK Financial Conduct Authority report sets out its approach to authorizations. Sets out the conditions that firms and individuals must meet to be authorized, how the FCA evaluates whether firms and individuals meet the conditions, how authorizations promote competition, and how the effectiveness of authorization decisions are evaluated.

Publisher: National Regulators Release date: Nov 2018 Country: United Kingdom

Type: Consultative, discussion and issues paper

Topics: Consumer education and protection, Transparency and disclosure, Financial inclusion, Conduct, Licensing

Sectors: Banking, Insurance, Pensions, Securities

Guide to Assessments of Licence Applications

ECB guide on the process and requirements for assessing licence applications

European Central Bank guide applies to all licence applications to become a credit institution (bank) within the meaning of the Capital Requirements Regulation (CRR), including initial authorizations for new credit institutions, applications from FinTech companies, authorizations in the context of mergers or acquisitions, bridge bank applications and licence extensions. Promotes awareness and enhances the transparency of the assessment criteria and processes for the establishment of a credit institution within the Single Supervisory Mechanism.

Publisher: Regional Standard-Setting Bodies Release date: Mar 2018

Type: Guideline

Parent: Capital Requirements Regulation - CRR

Peer: Guide to Assessments of FinTech Credit Institution Licence Applications

Topics: Corporate governance, Recovery and resolution, Financial inclusion, Licensing, FinTech

Sectors: Banking

Guide to Assessments of FinTech Credit Institution Licence Applications

ECB guide for potential FinTech bank applicants

European Central Bank guideline enhances transparency for potential FinTech bank applicants and increases their understanding of the procedure and criteria applied by the ECB in its assessment of licence applications.

Publisher: Regional Standard-Setting Bodies Release date: Mar 2018

Type: Guideline

Peer: Guide to Assessments of Licence Applications

Topics: Financial inclusion, Financial market infrastructure, Corporate governance, Operational risk, Licensing, FinTech

Sectors: Banking

Registration and Operation of Peer to Peer Lending Platforms

RBI directive for Non-Bank Financial Companies operating P2P lending platforms

Reserve Bank of India framework for the registration and operation of Non-Bank Financial Companies Peer to Peer Lending Platforms (NBFC-P2Ps), intermediates providing the services of loan facilitation via online medium or otherwise.

Publisher: National Regulators Release date: Feb 2018 Country: India

Type: Implementation

Topics: Licensing, Financial inclusion, Transparency and disclosure, Conduct, Consumer education and protection, FinTech

Sectors: Banking

Minimum Requirement for Own Funds and Eligible Liabilities (MREL) - Buffers and Threshold Conditions

PRA supervisory statement on relationship between MREL and regulatory capital buffers and threshold conditions

UK Prudential Regulation Authority supervisory statement regarding relationship between minimum requirement for own funds and eligible liabilities (MREL) and regulatory buffers. Sets out PRA's expectations regarding relationship between MREL and PRA's Threshold Conditions, the minimum requirements that firms must meet in order to be permitted to carry on regulated activities. Role of MREL is to make resolution strategies workable by ensuring that there are equity and liabilities within the firm that can credibly absorb losses and recapitalize businesses that need to continue operating.

Publisher: National Regulators Release date: Dec 2017 Country: United Kingdom

Type: Supervisory Practice

Parent: Bank Recovery and Resolution Directive (BRRD)

Topics: Capital adequacy, Recovery and resolution, Licensing

Sectors: Banking

Proposed Regulatory Regime for Managers of Venture Capital Funds

MAS response to feedback for simplified regulatory regime for venture capital fund managers

Monetary Authority of Singapore response to feedback on proposal for a simplified regulatory regime for managers of venture capital (VC) funds that meet certain criteria. Sets guidelines on the type of funds that a VC manager may manage. Simplifies admission requirements and authorization process for VC managers in view of MAS' assessment of the lower risk of business and market conduct issues associated with VC managers.

Publisher: National Regulators Release date: Oct 2017 Country: Singapore

Type: Consultative, discussion and issues paper

Topics: Licensing, Conduct

Sectors: Banking

Regulation and Supervision of Mutuals, Cooperatives and Community-Based Organisations in Increasing Access to Insurance

IAIS guideline on applying Insurance Core principles to MCCOs while enhancing access to insurance

International Association of Insurance Supervisors guidance on applying insurance Core Principles (ICPs) in ways that contribute to proportionate regulation and supervision. Focuses on role of mutual, cooperatives and community-based organizations (MCCOs) in increasing access to insurance, particularly among disadvantaged people.

Publisher: Global Standard-Setting Bodies Release date: Sep 2017

Type: Guideline

Parent: Insurance Core Principles

Topics: Financial inclusion, Corporate governance, Capital adequacy, Licensing

Sectors: Insurance, Microinsurance

Guide to Fit and Proper Assessments

ECB guide on its policies and practices for "fit and proper" assessments

European Central Bank guide sets out its policies, practices and processes when assessing suitability of members of management bodies and key function holders of banks. Harmonizes the application of assessment criteria applicable to fit and proper assessments.

Publisher: Regional Standard-Setting Bodies Release date: May 2017

Type: Guideline

Topics: Corporate governance, Licensing

Sectors: Banking

Joint Guidelines on the Prudential Assessment of Acquisitions and Increases of Qualifying Holdings in the Financial Sector

EBA, EIOPA and ESMA joint guidelines on the assessment of qualifying holdings in financial institutions in the EU

European Banking Authority, European Insurance and Occupational Pensions Authority and European Securities and Markets Authority revised joint guidelines on the prudential assessment of acquisitions and increases by legal and natural persons in qualifying holdings in financial institutions: i) provide further clarity on key concepts, including indirect holdings, persons acting in concert and decision to acquire; ii) ensure a consistent interpretation of time limits by clarifying when supervisory authorities should provide an acknowledgement of receipt of notification regarding acquisitions of a qualifying holding in a financial institution and iii) clarify matters relevant to assessment of an acquisition, such as financial soundness of the proposed acquirer and suspicions of money laundering or terrorist financing.

Publisher: Regional Standard-Setting Bodies Release date: Dec 2016

Type: Guideline

Topics: Licensing, Money laundering and terrorist financing

Sectors: Banking, Insurance, Securities

Application Paper on Approaches to Supervising the Conduct of Intermediaries

IAIS standard for supervision of intermediaries and implementation of Insurance Core Principles 18 and 19

International Association of Insurance Supervisors standard sets out approach for supervision of intermediaries and implementation of Insurance Core Principles (ICPs) 18 (Intermediaries) and 19 (Conduct of Business). Discusses different types of intermediaries and diversity of intermediation, supervision of intermediaries in context of the overall supervisory framework, and outlines supervisory requirements and approaches that promote good conduct of business by intermediaries with reference to ICPs 18 and 19.

Publisher: Global Standard-Setting Bodies Release date: Nov 2016

Type: Standard

Parent: Insurance Core Principles

Peer: Approaches to Conduct of Business Supervision

Topics: Corporate governance, Conduct, Licensing

Sectors: Insurance

Display # Page 1 of 3 Total: 21

Resources

382 records

FCA Mission: Approach to Authorization

Guide to Assessments of Licence Applications

Guide to Assessments of FinTech Credit Institution Licence Applications

Registration and Operation of Peer to Peer Lending Platforms

Minimum Requirement for Own Funds and Eligible Liabilities (MREL) - Buffers and Threshold Conditions

Proposed Regulatory Regime for Managers of Venture Capital Funds

Regulation and Supervision of Mutuals, Cooperatives and Community-Based Organisations in Increasing Access to Insurance

Guide to Fit and Proper Assessments

Joint Guidelines on the Prudential Assessment of Acquisitions and Increases of Qualifying Holdings in the Financial Sector

Application Paper on Approaches to Supervising the Conduct of Intermediaries

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