Q. I am just starting out in business in the regulated sector, what should I do?

Q. I am just starting out in business in the regulated sector, what should I do?

Your first requirement before commencing work is to be registered for compliance supervision with an appropriate supervisor.

To commence in business without the appropriate registration means you are committing a criminal offence. The penalty for this is up to a maximum of £5,000 if the breach was a failure to take reasonable steps. However this can be increased if the breach was deliberate.

BTC