CASP Authorization Checklist

Legal entity established in an EU Member State

Art. 59(1)(a)

Registered office and head office in the same Member State

Art. 59(1)(b)

At least one director resident in the EU

Art. 59(1)(c)

Minimum capital requirements met (€50K-€150K based on services)

Art. 67

Professional indemnity insurance or comparable guarantee

Art. 67(4)

Own funds calculation methodology documented

Art. 67(2)

Programme of operations (business plan)

Art. 62(2)(a)

Organizational structure documented

Art. 62(2)(b)

Internal control mechanisms established

Art. 68

Risk management procedures documented

Art. 68(1)

Business continuity policy in place

Art. 68(9)

Complaints handling procedure established

Art. 71

Management body members identified with CVs

Art. 62(2)(e)

Good repute of management demonstrated

Art. 68(1)

Sufficient knowledge, skills, and experience

Art. 68(1)

Shareholders/members with qualifying holdings identified

Art. 62(2)(f)

Suitability of shareholders assessed

Art. 64

ICT systems and security arrangements documented

Art. 68(9)

Safeguarding arrangements for client assets

Art. 70

Cybersecurity policy in place

Art. 68(9)

AML/CFT policies and procedures established

Art. 68(9)

AML compliance officer appointed

AMLD

Customer due diligence procedures documented

AMLD

Transaction monitoring systems in place

AMLD

Conflicts of interest policy documented

Art. 72

Disclosure requirements understood and documented

Art. 73-74

Client asset segregation procedures

Art. 70