The City of London Corporation has partnered with the global law firm Hogan Lovells to develop a straightforward introductory guide on how navigate the UK’s regulatory environment and seek authorisation by UK’s financial regulators in a bid to encourage financial services businesses looking to expand in the UK.
The guide, Expanding into the UK: A guide for international financial services firms, unpacks the main elements of the UK’s regulatory regime, offering insights into issues particular to banking, fintech, insurance and asset management firms. It also explains which regulator, the Financial Conduct Authority or Prudential Regulatory Authority, firms should obtain authorisation from and why.
An approximate timeline of application process is also incorporated in the guide – aiming to give investors an outline of what to expect after applying.
The UK attracted over £1bn of foreign direct investment last year, creating over 7,000 jobs. Many of these jobs were in the tech sector, the fastest growing job market in the Square Mile and this guide…
