Terms and Conditions

If your previous application for an FCA or PRA authorisation has been refused and you want to reapply, our service is FREE even if you used a different consultancy.

1. No guarantees of outcome
No guarantees can be offered as to whether or not your Application will be approved, as all cases are decided on their own individual merits/demerits, and the final decision always rests solely with the FCA. Refusals do not happen often and it’s a complicated process in itself for the FCA to refuse an application.

2. Your relationship with the FCA
At all times, the only relationship that is or will be recognised by the FCA is that between the Applicant Firm and the FCA. No formal relationship exists or can exist between the FCA and ourselves.

3. Corresponding with the FCA during the application process
The FCA will normally wish to communicate directly with the Applicant Firm, and for applicants to be seen to be ‘owning’ the Application. Where you receive a query from the FCA, and where it would not be appropriate for us to reply on your behalf, we will where required or preferred derive and formulate a response for you to issue yourself. Often of course this will entail our consulting yourselves and other relevant parties – e.g. your accountant. Ultimately therefore – we will handle all queries for you, whether directly or indirectly. You are also advised to forward to us all relevant correspondence that occurs between yourselves and the FCA.

4. What the fee covers
The fee you pay to us covers the service, time and effort required to take your firm from a state of not being Authorised/Registered/licensed by the FCA, to one of being Authorised/Registered/licensed by the FCA, subject to Clause 1 above.

5. What the fee does not cover
The actual Application Fee as levied by the FCA, which you will have to pay at the same time as submission of your Application, will not be covered by the agreed fee.

6. Limitation of liability
Liability for any legally-proven or alleged negligence is limited to either the fee paid or a fraction thereof.

7. Payment terms – money-backed assurance of outcome
Normally 50% of the Agreed Fee is to be paid up-front and is always non-refundable. The next 25% is to be paid upon submission of the application to the FCA. The remaining 25% is to be paid upon successful completion of the Application – i.e. immediately upon your Firm becoming Authorised to conduct the correctly-requested regulated activities, or the Variation, Passport or Cancellation application being granted. Where an Application is not successful, the latter 25% payment will not be demanded – except where absolute and total disclosure has not occurred to us of all even remotely-relevant information, especially information that could at all be deemed in any way deleterious to the Application, and whether or not that information in the event had a bearing on the Application’s failure.

If your previous application for an FCA or PRA authorisation has been refused and you want to reapply, our service is FREE even if you used a different consultancy.