Fast and Easy Financial Company Licensing Application... FSS Opens 'START' Portal

On the 17th, the Financial Supervisory Service (FSS) announced the launch of the ‘START Portal,’ a pre-approval consultation portal for financial company licensing. It is a site designed for swift and transparent pre-approval consultations and is the first attempt among major countries' supervisory authorities.

The START Portal can be accessed through the FSS website under the menu ‘Civil Complaints & Reports → e-Financial Civil Complaints Center → Pre-approval Consultation (S.T.A.R.T).’

Applicants can immediately check the review requirements, required documents, and FAQs related to the application task on the START Portal, select one of the 177 licensing tasks, and apply for the license right away.

If necessary, applicants can also request a pre-consultation, after which a person in charge is automatically assigned and a consultation waiting number is issued. The person in charge coordinates and decides the consultation date with the applicant, and the applicant can check the progress in real time.

The FSS stated, “By transparently disclosing the pre-consultation waiting order, applicants’ predictability will increase, and by promptly assigning consultation dates after submission, faster processing of tasks is expected.” They added, “Applicants can now handle the previously cumbersome multiple procedures for pre-consultation applications in a one-stop manner, making the pre-consultation application process more convenient.”

This content was produced with the assistance of AI translation services.