The length of time comprises the time you take to prepare for and submit your licence application and the time that the FMA takes to grant you the licence. Your preparation time depends on the size and nature of your business and your existing state of readiness, e.g. the existence and maturity of your policies, procedures and controls. In our experience, there are always gaps between what a business has in place now and what it needs to get a ‘clean-pass’ licence. We can help you identify and address these gaps. The Financial Markets Authority has advised 6 weeks as a standard time frame for it to consider/grant a licence. However, this will depend on the questions they might have, which is in turn a function of how well prepared you are