What To Consider When Preparing For An Activity License And Cross-border Provision Of Services Authorisation Proceedings?

The preparation for applying for authorisation from the financial supervision authority should focus not only on the drafting of the documents required and compliance with the requirements under the law but also on the preparation of the organisation for when authorisation has been granted.

Communication with the financial supervision authority is important before submitting the application as well as during the authorisation procedure.

Before submitting an activity license authorisation application, it is worthwhile considering a meeting with the financial supervision authority to introduce the business plans of the applicant and the team who will be managing the applicant after the authorisation has been granted. It enables to provide an overview of the planned activities to the body conducting the proceedings as well as take note during the discussions which are the primary topics regarding the applicant that might come up during the proceedings. This way