National Supervisory Authority & Licensing Qualification Dossier • United Kingdom & Crown Dependencies
FCA
United KingdomFinancial Conduct Authority (UK)
Source / Native Reference: 英国金融行为监管局
- Supervisory tier
- Tier-1
- License classes
- 4
- Licensed records
- 74
- Active / regulated
- 56
Statutory Supervisory Mandate & Scope
Financial Conduct Authority (UK FCA) (FCA) is the Tier-1 statutory financial markets and securities supervisory authority in United Kingdom. It grants and supervises financial services licences across broker-dealers, investment advisers, asset managers, and market operators, enforcing initial and ongoing prudential capital requirements, segregated client asset rules, market conduct standards, and public register disclosures.
Authorises and supervises over 42,000 financial services firms in the United Kingdom, enforcing the Investment Firms Prudential Regime (IFPR), Client Assets Sourcebook (CASS), Consumer Duty (PRIN 12), and UK Market Abuse Regulation (UK MAR).
Prudential Tier Assessment
Tier-1Premier global conduct and prudential supervisor for UK investment firms, asset managers, electronic money institutions, and retail/institutional brokers under FSMA 2000.
National licensing qualifications & statutory authorisation classes (FCA)
Authorisation categories, permitted institutional and retail activities, minimum initial capital adequacy, and ongoing prudential solvency rules enforced by FCA in United Kingdom.
| License class / code | Official designation | Permitted institutional & retail activities | Minimum initial / base capital | Ongoing prudential & solvency rule |
|---|---|---|---|---|
| Part 4A — IFPR £750k (Matched Principal / Dealing on Own Account) | Full-Scope MIFIDPRU Investment Firm (Market Maker / Principal Broker) | Dealing in investments as principal (CFDs, rolling spot FX, securities, derivatives), operating an MTF/OTF, or underwriting financial instruments. | GBP £750,000 Permanent Minimum Capital Requirement (PMR) plus K-Factor Requirement (K-NPR, K-CMH, K-DTF) or Fixed Overheads Requirement (FOR). | ICARA (Internal Capital and Risk Assessment) process, 100% Liquid Assets Threshold Requirement, and leverage restrictions (30:1 retail CFD cap under COBS 22.5). |
| Part 4A — IFPR £150k (Agency / Client Money Holder) | MIFIDPRU Agency Broker & Portfolio Manager (Holding Client Assets) | Dealing as agent, arranging deals in investments, discretionary portfolio management, and safeguarding/administering client money or custody assets. | GBP £150,000 Permanent Minimum Capital Requirement (PMR) or 25% of annual Fixed Overheads (whichever is higher). | Full CASS 6/7 daily reconciliation, annual external CASS audit opinion to the FCA, and quarterly MIF001–MIF007 prudential returns. |
| Part 4A — IFPR £75k (SNI Advisory / Non-CASS) | Small and Non-Interconnected (SNI) Investment Firm | Investment advice, reception and transmission of orders, and portfolio management without permission to hold client money or safeguard client assets. | GBP £75,000 Permanent Minimum Capital Requirement (PMR) or 25% of annual Fixed Overheads. | Simplified ICARA review, Consumer Duty outcome monitoring, and Senior Managers and Certification Regime (SM&CR) accountability. |
| EMI / API (PSR 2017 & EMR 2011) | Authorised Electronic Money Institution (EMI) / Payment Institution | Issuance of electronic money, multi-currency IBAN accounts, cross-border FX remittance, and payment acquiring. | EUR €350,000 initial capital for Authorised EMIs (EUR €125,000 for Authorised Payment Institutions). | 2% of average outstanding e-money own funds requirement + 100% safeguarding of relevant customer funds in a segregated bank account or HQLA. |
Investor compensation, client money segregation & digital-asset regime
Statutory counterparty protections, custody reconciliation mandates, and virtual-asset licensing status under FCA.
Financial Services Compensation Scheme (FSCS)
- Maximum coverage per client
- GBP £85,000 per eligible person, per authorised firm (for both designated investment business and UK banking deposits)
- Eligible counterparties & scope
- Retail clients and eligible small corporate entities (excludes professional / eligible counterparty institutional classifications and unregulated cryptoassets).
FCA Client Assets Sourcebook — CASS 7 (Client Money) & CASS 6 (Safe Custody Assets)
- Reconciliation & audit cadence
- Mandatory internal & external client money reconciliation every business day (CASS 7.15) plus monthly CMAR (Client Money and Asset Return) submission.
- Approved custodian requirements
- Statutory Trust status confirmation letter from an approved CRD/PRA credit institution before any client money is placed; diversification across banks required.
FCA Cryptoasset AML/CTF Registration (MLRs 2017) & FinProm Qualifying Cryptoasset Rules (COBS 4.12A)
- Travel Rule, custody & stablecoin rules
- UK Crypto Travel Rule enforced since September 2023 (FCA FG23/3); Phase 1/2 FSMA 2023 statutory regime for fiat-backed stablecoins and crypto custody.
Primary Governing Statutes & Rulebooks
- Financial Services and Markets Act 2000 (FSMA) & Financial Services and Markets Act 2023
- FCA MIFIDPRU Sourcebook (Investment Firms Prudential Regime — IFPR)
- FCA CASS Sourcebook (CASS 6 Custody Rules & CASS 7 Client Money Rules)
- Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017 (MLRs)
Regulatory Reporting & Audit Obligations
Monthly Client Money and Asset Return (CMAR) within 15 business days and annual external CASS Reasonable Assurance Audit ReportQuarterly MIFIDPRU prudential returns (MIF001 Adequacy of Own Funds, MIF002 Liquid Assets, MIF003 Monitoring Metrics) via RegDataUK EMIR / UK MiFIR T+1 transaction reporting (ARM) and annual Senior Managers (SM&CR) Directory Person attestations
Cross-Border Equivalence & Passporting
Post-Brexit, EEA passporting into the UK ceased; overseas firms rely on the UK Overseas Persons Exclusion (OPE) for institutional wholesale counterparties or must establish a UK-authorised subsidiary/branch.
Supervised institutions & FCA licence records in our database
74 licence records referencing FCA (56 regulated/registered, 17 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| Kyte | 174863 | Exceeded scope | Kyte Broking Limited | 2001-12-01 | |
| Swissquote | 562170 | Suspected clone | Swissquote Ltd | 2012-05-02 | |
| Zenfinex | 816055 | Suspected clone | Zenfinex Limited | 2019-03-11 | |
| Exinity | 777911 | Suspected clone | Exinity UK Ltd | 2018-02-01 | |
| Abshire-Smith | 590890 | Revoked | Abshire-Smith Global Ltd | — | |
| Astral | 801104 | Exceeded scope | Astral Financial Ltd | 2018-04-18 | |
| CFSM Trader | 171480 | Suspected clone | CFS Management Ltd | 2001-12-01 | |
| DOO | 833414 | No licence | DOO Clearing Limited | 2019-06-17 | |
| Global | 744501 | Suspected clone | Global Markets Group Limited | 2016-09-12 | |
| GTM | 801104 | Suspected clone | GLOBAL TRANSACTION MARKET | 2018-04-18 | |
| Guardian | 492519 | Exceeded scope | Guardian Stockbrokers Ltd | 2009-04-27 | |
| INSTANT | 728735 | Unauthorised | INSTANT TRADING EU LTD | 2015-12-11 | |
| Interactive | 141282 | Suspected clone | Interactive Investor Services Limited | 2001-12-01 | |
| KQ Markets | 780026 | Suspected clone | KQ Markets Limited | 2018-01-02 | |
| Monument | 149028 | Suspected clone | Monument Securities Limited | 2013-04-01 | |
| Notesco | 585561 | Suspected clone | Notesco Limited | 2013-06-17 | |
| TS CAPITAL | 447281 | Revoked | TS CAPITAL LIMITED | 2006-05-16 | |
| AXICORP | 466201 | Regulated | Axi Financial Services (UK) Limited | 2007-08-16 | |
| Dupoin | 622574 | Regulated | Dupoin UK Ltd | 2014-11-18 | |
| eToro(Global network record) | 583263 | Regulated | eToro (UK) Ltd | 2013-05-09 | |
| MUFG Bank(Global network record) | 139189 | Regulated | MUFG BANK, LTD | 2001-01-12 | |
| EC Markets(Global network record) | 571881 | Regulated | EC Markets Group Ltd | 2012-08-08 | |
| Kraken(Global network record) | 967575 | Regulated | Kraken | 2022-01-14 | |
| Finalto(Global network record) | 607305 | Regulated | Finalto Trading Limited | 2014-09-04 | |
| Finalto(Global network record) | 481853 | Regulated | Finalto Financial Services Limited | 2008-09-08 | |
| CBCX(Global network record) | 572911 | Regulated | CBCX MARKETS UK LIMITED | 2012-08-23 | |
| Dlocal(Global network record) | 1007955 | Regulated | Dlocal | 2024-12-17 | |
| ETORO(Global network record) | 583263 | Regulated | eToro (UK) Ltd | 2013-05-09 | |
| Ignite(Global network record) | 969303 | Regulated | Ignite (Grantham) Limited | 2015-06-10 | |
| MARKETS.COM(Global network record) | 481853 | Regulated | Finalto Financial Services Limited | 2008-09-08 | |
| Skrill(Global network record) | 900001 | Regulated | Skrill | 2021-12-11 | |
| VDX(Global network record) | 802012 | Regulated | VDX Limited | 2018-09-17 | |
| Adyen(Global network record) | 779800 | Regulated | Adyen | 2023-09-06 | |
| Bank of Scotland(Global network record) | 169628 | Regulated | Bank of Scotland plc | 2001-01-21 | |
| Barclays(Global network record) | 122702 | Regulated | Barclays Bank Plc | 2001 | |
| CXM Direct(Global network record) | 966753 | Regulated | CXM Prime Ltd | 2022-12-20 | |
| HSBC Bank plc(Global network record) | 114216 | Regulated | HSBC Bank Plc | — | |
| NatWest(Global network record) | 121878 | Regulated | NATIONAL WESTMINSTER BANK PUBLIC LIMITED COMPANY | 2019-08-09 | |
| Nedbank Group(Global network record) | 204684 | Regulated | Nedbank Limited | 2001-12-01 | |
| Paysafe(Global network record) | 900015 | Regulated | Paysafe | 2021-12-11 | |
| Revolut(Global network record) | 975775 | Regulated | Revolut Ltd | 2019-09-09 | |
| Revolut(Global network record) | 780586 | Regulated | Revolut Travel Ltd | 2017-09-21 | |
| Standard Chartered(Global network record) | 114276 | Regulated | Standard Chartered Bank | 2001-01-12 | |
| Starling Bank(Global network record) | 730166 | Regulated | Starling Bank Limited | 2016-07-12 | |
| Trading(Global network record) | 609146 | Regulated | Trading 212 UK Limited | 2014-10-01 | |
| UBFX(Global network record) | 795937 | Cancelled | UBFX | 2017-12-07 | |
| Ulster Bank(Global network record) | Number pending check | Regulated | Ulster Bank | — | |
| Worldpay(Global network record) | 07316500 | Regulated | Worldpay | 2018-4-13 | |
| ZFX(Global network record) | 768451 | Regulated | Zeal Capital Market (UK) Limited | 2017-09-04 | |
| Ziraat bank(Global network record) | 204705 | Regulated | T C Ziraat Bankasi AS | 2001-12-01 | |
| ABans(Global network record) | 580056 | Regulated | ABans Global Limited | 2013-04-02 | |
| Capital(Global network record) | 583632 | Regulated | Capital Markets Elite Group (UK) Limited | 2013-02-01 | |
| Danske Bank (Northern Ireland)(Global network record) | Number pending check | Regulated | Danske Bank (Northern Ireland) | — | |
| Evelyn(Global network record) | 125308 | Regulated | Evelyn Partners Investment Management Services Limited | 2001-12-01 | |
| Financial(Global network record) | 122169 | Regulated | Financial Administration Services Limited | — | |
| Foreign(Global network record) | 616985 | Regulated | Foreign Currency Innovations Limited | 2014-07-10 | |
| Freetrade(Global network record) | 783189 | Regulated | Freetrade Limited | 2017-02-10 | |
| Gildencrest(Global network record) | 564741 | Regulated | Gildencrest Capital Limited | 2012-05-30 | |
| iDealing.com(Global network record) | 191660 | Regulated | iDealing.com Limited | 2001-12-01 | |
| InvestEngine(Global network record) | 801128 | Regulated | InvestEngine (UK) Limited | 2019-07-01 | |
| Land-FX(Global network record) | 709866 | Regulated | LandFX UK Limited | 2016-06-07 | |
| LandFX(Global network record) | 709866 | Regulated | LandFX UK Limited | 2016-06-07 | |
| MAREX(Global network record) | 442767 | Regulated | MAREX FINANCIAL | 2006-01-13 | |
| MFM(Global network record) | 629539 | Regulated | MFM Investment Ltd | 2015-07-08 | |
| MoonPay(Global network record) | 944716 | Regulated | MoonPay (UK) Limited | 2022-09-12 | |
| Nutmeg(Global network record) | 552016 | Regulated | Nutmeg Saving and Investment Limited | — | |
| Nuvei(Global network record) | 994233 | Regulated | Nuvei Financial Services Limited | — | |
| RBS BANK(Global network record) | 785096 | Regulated | Royal Bank of Scotland (industrial Leasing) Ltd | 2018-02-23 | |
| Swissquote(Global network record) | 562170 | Regulated | Swissquote Ltd | 2012-05-02 | |
| True(Global network record) | 527444 | Regulated | True Potential Investments LLP | 2019-08-20 | |
| Vanguard(Global network record) | 527839 | Regulated | Vanguard Asset Management, Ltd | 2011-01-24 | |
| Wealthify(Global network record) | 662530 | Regulated | Wealthify Limited | 2015-12-10 | |
| WiseAlpha(Global network record) | 751087 | Regulated | WiseAlpha Technologies Limited | 2016-09-15 | |
| XTB(Global network record) | 522157 | Regulated | XTB Limited | 2011-01-17 |
FCA (United Kingdom): institutional licensing & due diligence FAQ
Key statutory capital, compensation, custody segregation, and verification answers for compliance teams.
What are the primary licensing classes and minimum capital requirements under FCA (United Kingdom)?
FCA (Financial Conduct Authority (UK)) supervises financial institutions in United Kingdom under Financial Services and Markets Act 2000 (FSMA) & Financial Services and Markets Act 2023 and FCA MIFIDPRU Sourcebook (Investment Firms Prudential Regime — IFPR). Key statutory authorisation classes include: Part 4A — IFPR £750k (Matched Principal / Dealing on Own Account) (Full-Scope MIFIDPRU Investment Firm (Market Maker / Principal Broker) — min. capital: GBP £750,000 Permanent Minimum Capital Requirement (PMR) plus K-Factor Requirement (K-NPR, K-CMH, K-DTF) or Fixed Overheads Requirement (FOR).); Part 4A — IFPR £150k (Agency / Client Money Holder) (MIFIDPRU Agency Broker & Portfolio Manager (Holding Client Assets) — min. capital: GBP £150,000 Permanent Minimum Capital Requirement (PMR) or 25% of annual Fixed Overheads (whichever is higher).); Part 4A — IFPR £75k (SNI Advisory / Non-CASS) (Small and Non-Interconnected (SNI) Investment Firm — min. capital: GBP £75,000 Permanent Minimum Capital Requirement (PMR) or 25% of annual Fixed Overheads.); EMI / API (PSR 2017 & EMR 2011) (Authorised Electronic Money Institution (EMI) / Payment Institution — min. capital: EUR €350,000 initial capital for Authorised EMIs (EUR €125,000 for Authorised Payment Institutions).). Ongoing prudential supervision requires strict adherence to capital adequacy and liquidity buffers.
Does FCA provide statutory investor compensation and mandatory client asset segregation?
Under FCA's framework, investor protection is governed by Financial Services Compensation Scheme (FSCS) with maximum coverage of GBP £85,000 per eligible person, per authorised firm (for both designated investment business and UK banking deposits) (Retail clients and eligible small corporate entities (excludes professional / eligible counterparty institutional classifications and unregulated cryptoassets).). For client money and custody assets, supervised firms must comply with FCA Client Assets Sourcebook — CASS 7 (Client Money) & CASS 6 (Safe Custody Assets), performing mandatory internal & external client money reconciliation every business day (cass 7.15) plus monthly cmar (client money and asset return) submission. with statutory trust status confirmation letter from an approved crd/pra credit institution before any client money is placed; diversification across banks required..
How does FCA regulate digital assets, crypto exchanges (VASPs/CASPs), and stablecoins?
FCA's digital-asset regime is structured around FCA Cryptoasset AML/CTF Registration (MLRs 2017) & FinProm Qualifying Cryptoasset Rules (COBS 4.12A) (Mandatory FCA Cryptoasset Register for UK crypto exchanges/custodians; strict retail ban on crypto CFDs/ETNs (PS20/10, with Professional-only cETN segment on LSE).). Custody and AML/CFT compliance obligations require: UK Crypto Travel Rule enforced since September 2023 (FCA FG23/3); Phase 1/2 FSMA 2023 statutory regime for fiat-backed stablecoins and crypto custody.
How can I verify an institution's FCA licence number and check our 74 recorded licence entries?
Our database currently tracks 74 licence records referencing FCA (56 marked regulated or registered). To verify a counterparty at the primary source, open FCA's official public register (https://www.fca.org.uk/), search by the exact reference number and legal entity name, and confirm that the firm's domain and permitted activities match its statutory authorisation.
Related regulatory & market structure briefings
Research and compliance analysis from RegTech Codex relevant to FCA and United Kingdom.
Regulatory Compliance & Licensing
FATF Travel Rule (Recommendation 16) Cross-Border VASP Compliance, EU AMLR/AMLA Supervision & FCA/MAS Client Asset Segregation Audits: 2026 Codex
Cross-border Virtual Asset Service Provider (VASP) compliance refers to the synchronized execution of cryptographic wire-transfer messaging under FATF Recommendation 16, direct supranational AML supervision under EU Regulation (EU) 2024/1624 (AMLR) and Regulation (EU) 2024/1113 (TFR), and statutory daily client asset segregation reconciliations mandated by the UK FCA CASS 7/CASS 15 and MAS PSN02/CMSA frameworks.
Global Enforcement & Licensing Rules
Global Regulatory Enforcement 2026: SEC Recordkeeping Fines, FCA Consumer Duty & ASIC/MAS Finfluencer Rules
SEC off-channel communications sweeps totaled $2.3 billion across 95 actions (Source: SEC, 2026-04-15), while 17 regulators led by the UK FCA executed a coordinated finfluencer crackdown in April 2026 (Source: FCA, 2026-04-20).
Global Enforcement & Licensing Rules
EU Markets in Crypto-Assets (MiCA) CASP Authorization & Prudential Floors: Statutory Capital Floors, Prudential Ratios & Licensing Thresholds (EUR 150,000 Class 3 Minimum Capital Benchmark)
EU Markets in Crypto-Assets (MiCA) CASP Authorization & Prudential Floors (EU-MICA-CASP-2026) stands at EUR 150,000 (Class 3 Minimum Capital) (Source: ESMA Regulation (EU) 2023/1114, 2026-10-20), governing initial perman
Prudential Capital & Client Money Segregation
EU Markets in Crypto-Assets (MiCA) CASP Authorization & Prudential Floors: Supervisory Reporting Timelines, Technical Standards & Audit Trails (EUR 150,000 Class 3 Minimum Capital Benchmark)
EU Markets in Crypto-Assets (MiCA) CASP Authorization & Prudential Floors (EU-MICA-CASP-2026) stands at EUR 150,000 (Class 3 Minimum Capital) (Source: ESMA Regulation (EU) 2023/1114, 2026-10-20), governing 4-hour/24-hour
Statutory licensing classes, base capital rules, and investor protection summaries for FCA (United Kingdom) are maintained for institutional benchmarking and do not constitute legal advice. Always verify current rulebooks and active firm authorisations directly on FCA’s official public register.