National Supervisory Authority & Licensing Qualification Dossier • United Kingdom & Crown Dependencies
FCA
United KingdomFinancial Conduct Authority
- Supervisory tier
- Tier-1
- License classes
- 4
- Licensed records
- 195
- Active / regulated
- 168
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
195 licence records referencing FCA (168 regulated/registered, 26 flagged with warnings/revocations).
| Institution | Licence number | Status | Licensed legal entity | Effective date | Verification |
|---|---|---|---|---|---|
| Mizuho Securities | 119256 | Regulated | Mizuho International plc | 2021-12-01 | |
| Blackwell Global | 687576 | Regulated | Blackwell Global Investments (UK) Limited | 2016-02-01 | |
| CheckOut | 900816 | Regulated | CheckOut | 2018-2-20 | |
| Plus500 | 509909 | Regulated | Plus500UK Ltd | 2010-06-29 | |
| Saxo | 551422 | Regulated | Saxo Capital Markets UK Limited | 2011-10-05 | |
| MUFG Bank | 139189 | Regulated | MUFG BANK, LTD | 2001-01-12 | |
| OANDA | 542574 | Regulated | OANDA Europe Limited | 2011-05-17 | |
| Swissquote | 562170 | Suspected clone | Swissquote Ltd | 2012-05-02 | |
| AXICORP | 466201 | Regulated | Axi Financial Services (UK) Limited | 2007-08-16 | |
| Forex | 446717 | Regulated | StoneX Financial Ltd | 2006-03-24 | |
| IB | 208159 | Regulated | Interactive Brokers (UK) Ltd | 2002-02-06 | |
| eToro | 583263 | Regulated | eToro (UK) Ltd | 2013-05-09 | |
| CMCMarkets | 173730 | Regulated | CMC Markets UK plc | 2001-12-01 | |
| CMCMarkets | 170627 | Regulated | CMC Spreadbet Plc | 2001-12-01 | |
| Pepperstone | 684312 | Regulated | Pepperstone Limited | 2015-08-05 | |
| ThinkMarkets | 629628 | Regulated | TF Global Markets (UK) Limited | 2015-01-23 | |
| EC Markets | 571881 | Regulated | EC Markets Group Ltd | 2012-08-08 | |
| Equiti | Number pending check | Regulated | Equiti Capital UK Limited | — | |
| International | 501320 | Revoked | Trive Financial Services UK Limited | 2024-06-14 | |
| StoneX | 446717 | Regulated | StoneX Financial Ltd | 2010 | |
| VELOCITY | 497263 | Regulated | Velocity Trade International | 2010-04-01 | |
| ATFX | 760555 | Regulated | AT Global Markets (UK) Limited | 2017-07-11 | |
| ICAP | 188984 | Revoked | ICAP Europe Limited | 1999 | |
| ICM | 520965 | Revoked | ICM Capital Limited | 2010-11-08 | |
| IG | 195355 | Regulated | IG Markets Limited | 2001-12-01 | |
| The Capital Group | 943758 | Regulated | Capital Group UK Management Company Limited | 2022-01-07 | |
| CANADA | 838086 | Regulated | BTG Technology Holdings Limited | 2024 | |
| Coinbase | 900635 | Regulated | CB Payments Ltd | 2018-07-12 | |
| Doo Prime | 833414 | Regulated | DOO Clearing Limited | 2019-06-17 | |
| Admiral Markets | 595450 | Regulated | Admiral Markets UK Ltd | 2013-06-12 | |
| Amana Capital | 605070 | Regulated | Amana Financial Services UK Limited | 2014-04-01 | |
| capital.com | 793714 | Regulated | Capital Com (UK) Limited | 2018-10-26 | |
| Fortrade | 609970 | Regulated | Fortrade Limited | 2014-04-17 | |
| Trade Nation | 525164 | Regulated | TRADE NATION FINANCIAL UK LTD | 2011-05-09 | |
| Acetop | 767154 | Regulated | Acetop Financial Limited | 2017-09-11 | |
| EightCap | 921296 | Regulated | Eightcap Group Ltd | 2020-12-23 | |
| Finalto | 607305 | Regulated | Finalto Trading Limited | 2014-09-04 | |
| Finalto | 481853 | Regulated | Finalto Financial Services Limited | 2008-09-08 | |
| FXCM | 217689 | Regulated | Stratos Markets Limited | 2003-05-27 | |
| Hantec Markets Australia | 502635 | Regulated | Hantec Markets Limited | 2010-06-16 | |
| HFM | 801701 | Regulated | HF Markets (UK) Limited | 2018-11-14 | |
| HYCM | 186171 | Regulated | HYCM CAPITAL MARKETS (UK) LIMITED | 2001-12-01 | |
| Komainu | 985974 | Regulated | Komainu UK Limited | 2023-10-06 | |
| Vantage | 590299 | Regulated | Vantage Global Prime LLP | 2013-07-01 | |
| DBG Markets | 469459 | Registered | DBG MARKETS (UK) LLP | 2007-10-01 | |
| EBC FINANCIAL GROUP LIMITED | 927552 | Regulated | EBC Financial Group | 2021-02-08 | |
| ETORO | 583263 | Regulated | eToro (UK) Ltd | 2013-05-09 | |
| FXOpen | 579202 | Regulated | FXOpen Ltd | 2013-03-22 | |
| Ignite | 969303 | Regulated | Ignite (Grantham) Limited | 2015-06-10 | |
| LMAX Group | 783200 | Regulated | 783200 | 2017-12-15 | |
| MARKETS.COM | 481853 | Regulated | Finalto Financial Services Limited | 2008-09-08 | |
| VDX | 802012 | Regulated | VDX Limited | 2018-09-17 | |
| ADSS | 577453 | Regulated | ADS SECURITIES LONDON LIMITED | 2012-07-24 | |
| Adyen | 779800 | Regulated | Adyen | 2023-09-06 | |
| Anzo Capital | 739550 | Regulated | ANZOGLOBAL LLP | 2016-09-14 | |
| CoinJar | 928767 | Regulated | CoinJar UK Limited | 2021 | |
| Dupoin | 622574 | Regulated | Dupoin UK Ltd | 2014-11-18 | |
| Hirose Financial | 540244 | Regulated | Hirose Financial UK Limited | 2011-07-01 | |
| IEXS | 923324 | Regulated | Vision Integrated Exchange LTD | 2021-02-11 | |
| Noor Capital UK | 631382 | Regulated | House of Borse Ltd | 2015-03-09 | |
| One Financial Markets | 466201 | Regulated | Axi Financial Services (UK) Limited | 2007-08-16 | |
| Sucden | 114239 | Regulated | Sucden Financial Limited | 2001-12-01 | |
| Bitpanda(Global network record) | 11625148 | Regulated | Bitpanda Custody Ltd | 2023 | |
| FxPro(Global network record) | 509956 | Regulated | FXPRO UK Limited | 2010-09-10 | |
| GLOBAL(Global network record) | 901100 | Regulated | B2B Payment Solutions Ltd | 2020‐09‐08 | |
| Exness(Global network record) | 730729 | Regulated | Exness (UK) Ltd | 2016-09-01 | |
| Kraken(Global network record) | 967575 | Regulated | Kraken | 2022-01-14 | |
| CEX.IO(Global network record) | Number pending check | Regulated | CEX.IO Ltd | 2024 | |
| Tickmill(Global network record) | 717270 | Regulated | Tickmill UK LTD | 2016-07-29 | |
| Uphold(Global network record) | 09281410 | Regulated | Uphold Europe Limited | — | |
| XTX(Global network record) | 711945 | Regulated | XTX Markets Limited | 2016-07-04 | |
| XTX(Global network record) | 949967 | Regulated | XTX Markets Trading Limited | 2021-10-19 | |
| Alvexo(Global network record) | 683301 | Regulated | VPR Safe Financial Group Ltd | 2015-04-28 | |
| ATC Brokers(Global network record) | 591361 | Regulated | ATC Brokers | — | |
| CBCX(Global network record) | 572911 | Regulated | CBCX MARKETS UK LIMITED | 2012-08-23 | |
| CFI International Ltd(Global network record) | 828955 | Regulated | Credit Financier Invest Limited | 2019-10-14 | |
| CPT Markets(Global network record) | 606110 | Exceeded scope | CPT MARKETS UK LIMITED | 2014-07-31 | |
| Dlocal(Global network record) | 1007955 | Regulated | Dlocal | 2024-12-17 | |
| FXTM(Global network record) | 777911 | Regulated | Exinity UK Ltd | 2018-02-01 | |
| Gemini(Global network record) | 900988 | Regulated | Gemini Trust Company,LLC | — |
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) 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 195 recorded licence entries?
Our database currently tracks 195 licence records referencing FCA (168 marked regulated or registered). To verify a counterparty at the primary source, open FCA's official public register (https://register.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 APAC Capital Brief relevant to FCA and United Kingdom.
APAC Regulatory & Capital Corridors
APAC Institutional Capital Corridors in 2026: Comparative Licensing, Capital Adequacy, and Cross-Border Settlement Across MAS, HKMA/SFC, JFSA, ASIC, and India GIFT City IFSCA
An institutional Asia-Pacific dispatch analyzing statutory licensing thresholds, base capital and liquid capital mandates, client money trust segregation, and digital-asset/derivatives execution corridors across Singapore (MAS), Hong Kong (SFC/HKMA), Japan (JFSA), Australia (ASIC), and India GIFT City (IFSCA).
APAC Macro & Institutional Capital Markets
HKEX Swap Connect & Northbound Bond Connect Hedging, Nippon NISA Equity Flows & APAC Sovereign Wealth Allocation (2026 Briefing)
HKEX Swap Connect refers to the mutual interest rate derivatives clearing link between Hong Kong and mainland China, clearing ¥31.8 billion in daily notional volume [¥31.8 billion, HKEX, Q3 2026] alongside record Nippon NISA and Singapore sovereign allocations.
BOJ & Yen Rates
BOJ 1.25% Policy Rate, 10Y JGB Yield Curve & TSE PBR Governance Reform Breakdown (2026)
The Bank of Japan holds its policy rate at 1.25% (Source: BOJ, 2026-09-19) while 10-year JGB yields trade at 2.89% and 94.2% of TSE Prime issuers execute PBR capital plans.
BOJ & Yen Rates
Bank of Japan 1.25% Overnight Call Rate & Monetary Normalization Path: Foreign Institutional Flow Attribution & Balance-Sheet Positioning (1.25% Policy Target Rate Benchmark)
Bank of Japan 1.25% Overnight Call Rate & Monetary Normalization Path (BOJ-125-CALL-RATE) stands at 1.25% (Policy Target Rate) (Source: Bank of Japan Policy Board, 2026-10-20), governing weekly net foreign buying across
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.