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Writer's pictureValters Gencs

License issued by Financial Conduct Authority in United Kingdom for brokers and asset management services for sale

Updated: Jun 5, 2024

United Kingdom's Financial Conduct Authority license for asset management for sale. License has following scope:

 

-Advising on investments (Certificates representing certain security, Debenture, Government and public security, Rights to or interests in investments (Security), Share, Unit), 


-Managing investments (all instruments above for Advising and additionally Commodity Future, Commodity option and option on commodity future, CFD, Future, Option, Rights to or interests in investments (Contractually Based Investments), Rolling spot forex contract, Spread Bet),  


-Arranging safeguarding and administration of assets (instruments as above for Managing investments), 


-Dealing in investments as agent (instruments as above for Managing investments),  


-Arranging (bringing about) deals in investments (instruments as above for Managing investments),  


-Making arrangements (instruments as above for Managing investments).


Asset manager can deal with retail and professional client types. 

 

Clean company with no Financial Conduct Authority issues or client complaints.


Capital of £75,000, MIFIDPRU type of license


​​Initial Capital Requirementss for brokers licenses

 

1. Dealing on own account license (market makers license) - EUR 730,000


Dealing on own account (Dealer License) - This license is equivalent to "market-making" and involves position-taking which includes the conclusion of the transaction in financial instruments.

 

2. Matched Principle license - EUR 125, 000


Matched Principle (Intermediary License) - also known as STP/straight-through processing involves client trades being hedged with an equal transaction with a liquidity provider.

 

3. Restricted Broker license - EUR 50,000


Restricted Broker license - This is an introducer or referral type of license, permitting firms to conduct sales and marketing but not being able to hold client funds.



Price - £ 650'000 plus capital.


For further info - Valters Gencs, info@gencs.eu, Whatsapp/Telegram/Viber +371- 29265441


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