HOW WE HELP
Applying for Variation of Permission (VoP)
A Variation of Permission (VoP) is essential for authorized firms planning significant modifications to their operations or their current permissions. Firms might seek a VoP for several reasons, including:- Launching a new line of business,
- Initiating a novel regulatory activity,
- Introducing new products or client categories, such as professional or retail clients.
Should your enterprise undergo any such transformations, we're poised to assess your existing permissions and guide you towards the optimal approach.
Furthermore, for entities under regulatory or dual-regulatory supervision intending to accept deposits, engage in insurance contracts, or execute insurance agreements, obtaining a VoP through the Prudential Regulation Authority (PRA) becomes necessary. Our expertise is at your disposal to facilitate this application process effectively.Guiding Your Compliance Journey: Specialized Support for Meeting FSRA & DFSA Regulations
Our extensive expertise affords us a deeper comprehension of regulatory frameworks managed by the Financial Services Regulatory Authority (FSRA) and the Dubai Financial Services Authority (DFSA) than our competitors, ensuring that we provide our clients with the most suitable solutions for their specific needs.
We will customize our services to align with your requirements, assisting you in crafting a compelling Variation of Permission (VoP) application for submission to the relevant regulatory authority. Our team is available to support you with any inquiries arising from your application and to collaborate closely with you at every stage of the process. Whether you need guidance for an upcoming VoP or require assistance with an ongoing VoP application, we are eager to assist you.