FSC and Financial Services Licensing
Financial services licensing and FSC regulation are extremely important terms. Financial services refer to the services provided by the finance industry. This includes the financial products and finance related advice. Understanding FSC licensing should be a major priority for people in the finance industry. Financial services licensing or licensing in general refer to the licenses that authorize the use, performance, or release of something. Without licensing, financial entities or advisors cannot operate legally.
Financial services licensing vary based on what is being offered. This means that the licensing for financial advisors will be different from the licensing required by entities selling financial products. Ensuring financial services licensing and regulation is a must for co-branded card programs. While licensing authorizes people and entities to sell financial products or give legal advice, regulation helps them to avoid bankruptcy. Furthermore, regulation keeps the flow of cash within a country. FSC licensing is important for a lot of reasons. Following are some of them.