FCA approval for Halcyon and Newgate 17 September 2014London Reporter: Catherine Van de Stouwe
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Halycon Commodities has received authorisation from the Financial Conduct Authority to operate in the UK.
The application had been by Newgate Compliance on behalf of Halcyon, following completion of Newgate’s own application.
Halcyon provides services in broking futures and options linked to financial products to its global base of customers.
Martin Herriot, managing director at Newgate Compliance, said: “Having only launched to market this year, we’re delighted to have completed our first successful application, especially with such a quick turnaround. This is a real milestone for the business, and we look forward to managing processes in an equally efficient manner for our clients in the coming months.”
“The FCA application can be a particularly tricky path to navigate, and we can provide clients with the expertise and knowledge they need to gain authorisation in the UK in a very timely manner. Our background as regulators means clients have additional peace of mind, that we understand the process from both perspectives.”
Keiron Mathias, director at Halcyon Commodities (UK), said: “With our offices in London up and ready to go, we’re delighted to have completed the process, having worked with Newgate Compliance towards authorisation over the past few months.”
“We found the process relatively straight forward, thanks to the expertise Newgate Compliance had to offer. There were certain aspects of the application that initially seemed complex, but as ex-regulators, its second nature to the team at Newgate.”
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