A regulated financial institution is primarily a firm that offers financial services to its customers. For example, you could be a financial holding company, a mixed financial holding company, an investment holding company, an authorised payment institution, an asset management company, or an Alternative Investment Fund Manager, among others, to be classified as a regulated financial institution.
Your financial institution must be authorised by the Financial Conduct Authority (FCA) and/or by the Prudential Regulation Authority (PRA) or registered with the FCA’s Temporary Permissions Regime. If registered with the Temporary Permissions Regime, you will need to have already applied to the FCA for the relevant permissions to continue to offer regulated financial services within the UK. For more information, visit the FCA website.