Slide 15
Slide 15 text
A UK banking licence is authorised by the PRA and
regulated by the PRA and FCA1, allowing deposit-
taking and balance sheet lending. Once granted,
it allows firms to passport across Europe, accessing
This is followed by a “mobilisation” phase during
which final capital is raised and IT systems are
completed, before launching to the public.
We received a UK banking licence in August 2016!
FEB
2015
JAN
2016
JAN
2017
MAR FEB FEB
APR MAR MAR APR MAY JUN JUL
MAY APR
JUN MAY
JUL JUN
AUG JUL
SEP AUG
NOV SEP
DEC NOV DEC
PRE APPLICATION APPLICATION MOBILISATION LAUNCH
LICENCE WITH
RESTRICTIONS
50K MAX
DEPOSIT
WE ARE
HERE
A UK banking licence is authorised by the PRA and
regulated by the PRA and FCA1, allowing deposit-
taking and balance sheet lending. Once granted,
it allows firms to passport across Europe, accessing
This is followed by a “mobilisation” phase during
which final capital is raised and IT systems are
completed, before launching to the public.
We received a UK banking licence in August 2016!
JAN
2016
JAN
2017
MAR FEB FEB
APR MAR MAR APR MAY JUN JUL
MAY APR
JUN MAY
JUL JUN
AUG JUL
SEP AUG
NOV SEP
DEC NOV DEC
E APPLICATION APPLICATION MOBILISATION LAUNCH
LICENCE WITH
RESTRICTIONS
WE ARE
HERE
AUG
2017
JAN
2016
Feb
2015
APR
2017
A UK banking licence is authorised by the PRA and
regulated by the PRA and FCA1, allowing deposit-
taking and balance sheet lending. Once granted,
it allows firms to passport across Europe, accessing
This is followed by a “mobilisation” phase during
which final capital is raised and IT systems are
completed, before launching to the public.
We received a UK banking licence in August 2016!
FEB
2015
JAN
2016
JAN
2017
MAR FEB FEB
APR MAR MAR APR
MAY APR
JUN MAY
JUL JUN
AUG JUL
SEP AUG
NOV SEP
DEC NOV DEC
PRE APPLICATION APPLICATION MOBILISATION
LICENCE WITH
RESTRICTIONS
WE ARE
HERE