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Tip of the Week

Threshold Conditions – Adequate Resources

By 3rd July 2023July 5th, 2023No Comments

‘Threshold Condition 4: Adequate Resources’ is a rule which requires firms to have adequate resources in place. Any firm that is regulated, or wishes to become regulated by the Financial Conduct Authority (FCA), should consider Threshold Conditions 4. This includes reviewing the level of resources required to operate your business effectively. Types of resources include:

  • Financial
  • The knowledge and competency of staff
  • Business assets – premises, technology, fixtures and fittings
  • The level and type of your insurance cover