1. UK based companies, individuals or overseas institutions providing financial related services

2. Actual operation in the UK

3. A team of professionals

4. A certain amount of insurance levy

1. FC's authorization standards are very strict, and authorized entities must have funds that are only used to support regulatory business, and regularly report their funding status to the FCA on a monthly basis.

2. The FCA has the right to inspect all company records and customer accounts at any time in certain circumstances to ensure that the company complies with regulations.

3. The regulator has full-time compliance auditors independent of management.

4. The FCA requires authorized units to treat customers fairly to maintain systems and operations, while demonstrating to the FCA that they treat every customer equally.

5. The authorized unit is required to demonstrate to the FCA that the company has sufficient liquidity to cover customer deposits and potential company expenses.

6. External auditors must independently review accounts and client liquidity and report directly to the FCA.