Wholesale investment firms
If you are applying for authorisation you must:
- prepare and collate the supporting documents;
- build your application pack;
- complete the forms in the application pack; and
- sign the forms and return them to us by post with your cheque and the required supporting documents.
If you are intending to carry on ISPV business, please see Insurance firms for the supporting documents you will need to apply for authorisation.
The supporting documents you must have
Click on the links for further information about each document.
- staff organisational chart;
- business plan information;
- compliance procedures;
- details of your professional advisers;
- a monthly profit and loss forecast for the first year of trading;
- a monthly cashflow forecast;
- a monthly forecast of the applicant firm's regulatory capital versus regulatory capital requirements for the first year of trading;
- a monthly balance sheet forecast for the first year of trading;
- a copy of the latest annual accounts (if previously traded);
Depending on your legal status, there are further documents you must have:
| If you are… | You must have |
|---|---|
| A sole trader | Details of your personal and business assets and liabilities |
| A partnership | A copy of your partnership agreement Details of each partner's personal and business assets and liabilities |
| A limited liability partnership | A copy of your Limited liability partnership agreement Proof of capital (such as members' capital agreement) |
| A Limited Company | 88(2) form (Companies House Return showing allotment of shares) |
| Depending on the type of business your firm intends to carry on, there are further documents you must have. |
|
| If you are intending to carry on | You must: |
| Investment managers and Wholesale funds - advisers and arrangers |
Complete appendix A which requests financial resource information. |
How to build your application pack
The forms you need to fill in depend upon the type of business you intend to carry on.
Your application pack consists of the forms you need and their notes.
To build your application pack:
- You will answer some questions about your business
- We will then create a web page for you with the forms and notes listed ready for you to download