Bank Application Overview
- Posted on: 7 August 2018
- Written by: Ben Mason
Applying for a UK Banking Licence is a complex process and only appropriate for companies with the resources and tenacity to deal with the regulators' rigorous requirements. A complete Banking Licence application is likely to include upwards of 100 documents and involve many meetings with the PRA and FCA. This factsheet provides a summary of the process and what is required if the applicant is to progress to full authorisation, including:
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The Application Process
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Key Application Documents
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Key Success Factors
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Capital Requirements
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Key Regulatory Issues
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