ACCA is a Designated Professional Body (DPB) under the Financial Services and Markets Act 2000. This enables member firms to carry out a limited range of regulated activities, without having to obtain direct authorisation from the Financial Conduct Authority (FCA), provided those activities are ‘incidental’ to the core accounting, auditing, taxation and business advice activities of the firm. This limited range of regulated activities is known as exempt regulated activities. The scope of the exempt regulated activities and the application process are set out in section 3 of the Practising Information handbook. An application form can be downloaded from the 'Forms for practitioners' page.
Any ACCA firm carrying out, or planning to carry out, a regulated activity (other than an exempt regulated activity) will require direct FCA authorisation.
If you require further guidance about the DPBRs or the types of work ACCA regulated firms are able to undertake please contact Technical Advisory on 0207 059 5920.