Licensing and Authorization Process for Non-Bank Financial Entities

The **Licensing and Authorization Process** is the gateway through which regulators maintain the integrity, stability, and public confidence in the Non-Bank Financial Institution (NBFI) sector. This course provides a structured, detailed guide to designing and executing a rigorous, risk-based licensing regime for diverse non-bank entities. Participants will learn how to assess the applicant's fit and proper status, scrutinize their business plans, verify capital adequacy, and evaluate the integrity of their proposed internal controls (AML/KYC, governance). The program emphasizes the use of the licensing process as the first, critical step in the Risk-Based Supervision (RBS) life cycle, setting clear expectations for prudence and compliance from inception.