SIFA 6.7 Further Issues
There are the following further issues relating to authorisation:
- The scope of your firm's permission affects the fees you pay us. Broadly, the wider the scope, the higher the fees.
- The scope of your permission may also affect the category of business into which your firm falls for financial resources purposes.
- We consider the scope of a firm's permission when deciding which risk category the firm falls into. We monitor firms in a higher risk category more closely.
The following sections of the Guide are also relevant: |
|
• |
'Approved persons' - Chapter 7 |
• |
'Variation of permission' - Chapter 15.1 |
• |
'Cancellation of permission' - Chapter 15.2 |
• |
'Fees' - Chapter 18 |
If you do mortgage or general insurance business you should also refer to MIGI 4. |