REGULATORY SERVICES

 

You may require a license in the early stages of your business. However, if your business utilises an innovative idea, then you may be able to have a regulator accept it within a ‘Sandbox’ environment to prevent it falling outside the legal definitions of regulated products.

If you need assistance in managing the dialogue with the regulator, we can ensure a first-rate service as have achieved no-action letters from regulators for their fintech businesses, and have worked with fintech companies that have accessed sandboxes.

When your business innovates a new product, we can provide a concept analysis service assessing how it may be interpreted by regulators, so that you can be sure know how it will be defined under the law.

For existing regulated institutions, your priority should be ensuring your continued compliance. This can involve supervising internal controls in the business, incident and risk management and reporting.

We provide support for such institutions in either an in-house, or remote, environment.


4th Anti-Money Laundering Directive Support

Are you an EU virtual currency exchange or custodian? The 4th Anti-Money Laundering Directive applies to you. Click below to find out more.


Compliance Support

Are you are running a regulated business and need support to ensure your operations and products are compliant? This may also include ad hoc business matters. We can assist your team and provide a sounding board for your ideas. We can offer training and auditing support either in-house, or remotely.


Sandbox

Do you have an innovative regulated idea and want to test it out? A ‘Sandbox’ is a new way to work in a supervised environment, to gain traction of your idea while you are still shaping it.


Regulatory Clearance

Your new business or innovation may not need to be regulated. We can work with you to obtain clearance from regulators with regarding your innovation. This could include a no-action letter or meetings with regulators to discuss the innovation in person.