Regulatory & Compliance

FCA Appointed Representative Umbrella Service

Whether you are looking for a short term regulatory incubation service whilst waiting for your own FCA Authorisation to be approved or you are seeking long-term regulatory hosting cover, Quva are able to provide you with the cover and support you need.

Regulatory Incubation or Hosting Service

The team transforming alternative investments

We enable unregulated companies and individuals to begin and operate their regulated business quickly and efficiently using our FCA Authorisation.

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Compliance support tailored to meet your needs

FCA Appointed Representative Incubation

Becoming an Appointed Representative Firm (AR) is one option available to you if you wish to practice regulated activities in the United Kingdom. Full FCA authorisation is another option, but becoming an appointed representative is an acceptable interim arrangement and can indeed become a permanent arrangement.

We take care of the extra administrative headaches such as regulatory filings, capital adequacy and maintenance of systems and controls whilst our appointed representatives are left to grow and focus on their regulated business under our regulatory wing.

Discuss your needs and see how we can help with your compliance and software needs.

Becoming an appointed representative

Frequently Asked Questions

An appointed representative (AR) is a firm or person who runs regulated activities under the supervision of a directly authorised firm. This firm is known as the AR’s ‘principal’.

Appointed Representative Services offer a quick, easy and cost-effective alternative approach to receiving direct authorisation from the Financial Conduct Authority (FCA) to conduct financial services activities in the UK.

Direct authorisation can take up to 12 months to complete and requires a significant amount of time and documentation. Through Appointed Representative Services and our Regulatory Umbrella Platform, we enable our clients to conduct regulated activities within only a few weeks, and as the Principal Firm, we assume the regulatory oversight of the Appointed Representative. This set-up is also referred to as an ‘Incubator’ or ‘Regulatory Hosting’.

Yes. Anyone performing a governing function for an appointed representative must be an approved person. Please see Chapter 10 of the FCA Supervision Manual in the FCA Handbook for a list of governing functions.

To become an appointed representative (AR) you need to:

  • Decide which regulated activities you want to run and find a principal who conducts that type of business.
  • Determine what contracts you need to have in place.
  • Your principal(s) must inform the FCA of your appointment so the FCA can include this information on their register

The Quva Appointed Representative Service provides a number of benefits for alternative investment firms looking to conduct regulated financial services activities in the UK:

  • Quick, efficient and cost-effective set-up
  • Speed to market – Conduct regulated activities within three to four weeks
  • Monitoring plan, compliance policies, procedures and governance, all provided by Principal Firm
  • Considerably lower ongoing compliance costs compared to full authorisation
  • Capital requirements provided by Principal Firm

Regulated services are provided by Growth Capital Ventures Limited which is authorised and regulated by the Financial Conduct Authority of the United Kingdom. Quva provides software and non-regulated compliance services.

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