The Financial Services and Markets Act 2000 (FSMA) outlines the activities and specified investments which determine whether or not your business is required to be authorised by the FSA.  As a result, you need to establish whether your firm's proposed business requires you to apply for FSA authorisation/Registration to carry on FSA regulated activities.

Firms use a FSA Compliance Consultant in many circumstances and for many different reasons.  In our experience, our clients have used a Compliance Consultant when they have identified internal compliance issues and require more experience than they have available.