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Dos and don’ts when applying for a license as a financial institution
A licensing procedure is the art of bringing a previously unlicensed company into regulation and thereby further developing and promoting the operational success of the company. The challenges for a licensing procedure have recently been increased step by step by the supervisory authorities throughout Europe, thus significantly raising the thresholds for a successful license application. Legal advice helps the applying company to use these requirements to their advantage and to lower the obstacles; thus ensuring that the license, once it has been granted, is in fact a success factor for the company.
