FINTECH APPROACHING REGULATORS FOR THE FIRST TIME?

USE THIS TEMPLATE TO INITIATE THE CONTACT!

Show you are serious about being regulated – and secure a meeting! 

• The first impression matters.
• Every FinTech applying for a license or a sandbox regime should meet their future regulator (or a few of them), explain their business model and flow of funds, and ultimately confirm that they are applying for the right license in the right country.
• This template will give you a framework with ready-to-use hints and captions to prepare this inquiry.
• The document has six sections: Executive Summary, Business Model, Legal Structure, Flow of Funds, AML, and Financial Projections.
• Your ultimate goal after submitting this regulatory inquiry is to secure an appointment, get preliminary feedback, understand what you are expected to establish in the country in terms of team and resources and start building very collaborative working relationships with your future case officer.  

Taking the time and using this FREE template will likely save you several months during the actual license application process.