OE-M01: Total number of authorisations approved broken down by firm
Description
Total number of authorisations (determinations for change in control) approved broken down by firm/sector type for:
- New firm authorisations
- Variation of permissions (VoP)
- Change in control (CiC)
- Senior managers (SM)
Find out more in our guidance on every type of firm authorisation[1].
2024/25 values
Table: Number of approved Authorisations/ Determinations year 2 values
| Sector | New Firms | VoP | CiC | SM |
|---|---|---|---|---|
| Credit and Lending | 598 | 290 | 219 | 1116 |
| Payment Services/E-Money | 19 | 9 | 147 | 7 |
| Banking | 5 | 35 | 20 | 397 |
| Insurance | 87 | 135 | 323 | 1659 |
| Consumer Investments | 59 | 221 | 398 | 1120 |
| Crypto (5MLD) | 4 | n/a | n/a | n/a |
| 3/4MLD | 213 | n/a | n/a | n/a |
| Wholesale | 124 | 261 | 269 | 1953 |
| Total | 1,109 | 951 | 1,376 | 6,252 |
2023/24 values
Table: Number of approved Authorisations/ Determinations year 1 values
| Sector | New Firms | VoP | CiC | SM |
|---|---|---|---|---|
| Credit and Lending | 603 | 318 | 197 | 1,169 |
| Payment Services/E-Money | 39 | 5 | 106 | 5 |
| Banking | 3 | 43 | 16 | 366 |
| Insurance | 148 | 169 | 335 | 1,697 |
| Consumer Investments | 74 | 316 | 328 | 1,089 |
| Crypto (5MLD) | 6 | n/a | n/a | n/a |
| 3/4MLD | 150 | n/a | n/a | n/a |
| Wholesale | 149 | 278 | 269 | 2,001 |
| Total | 1,172 | 1,129 | 1,251 | 6,327 |
Note: Crypto firms are not authorised as other firms are, instead they apply to be registered[2] under the 5th Money Laundering Directive (5MLD), the same applies to firms applying to be registered under the 3rd and 4th Money Laundering Directives (3/4MLD).
Source: FCA data