Checklist: When does a firm need to be authorised by the FCA or the PRA (UK)

Updated as of: 15 June 2023
This checklist will assist in-house counsel, private practice lawyers and risk compliance teams to determine whether a firm needs to be authorised in the UK by the Financial Conduct Authority (FCA) and/or the Prudential Regulation Authority (PRA). It may also help foreign firms considering operating in the UK or non-financial firms with ancillary financial operations which may or may not require authorisation.