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  1. Point in time
    2006-04-06

SIFA 6.7 Further Issues

SIFA 6.7.1G

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.