Licensing & compliance solutions.
APPROVED provides business leaders with peace of mind and confidence that compliance obligations are being met while they focus on what they do best — serving customers and delivering value to stakeholders. We translate legal advice into licensing support services, state examination support and management, and technology solutions designed to directly address the unique challenges faced by financial services companies.
Licensing & compliance solutions.
APPROVED provides business leaders with peace of mind and confidence that compliance obligations are being met while they focus on what they do best — serving customers and delivering value to stakeholders.
Guidance throughout the business lifecycle.
Our licensing professionals — along with attorneys from Buckley — draw upon years of combined industry and regulatory experience to develop, implement, and optimize licensing compliance programs that are legally sound and operationally effective. Whether working with a fintech start-up to implement a licensing compliance program or helping a well-established mortgage servicer streamline its multistate reporting, APPROVED and Buckley provide clients with seamless advice throughout the business lifecycle.
Licensing strategy and implementation.
No two financial services companies are identical. Buckley attorneys work with clients to understand their unique organizational structures and business goals and create licensing roadmaps that account for existing budgetary and legal requirements while planning for scalability.
Once a strategy is established, APPROVED’s licensing professionals can fully manage the preparation and submission of all required license applications, employing regulatory insights and best practices to avoid the many common roadblocks that threaten approval.
2. Business optimization
Getting licensed is an essential part of starting a financial services company, but the work does not end there. APPROVED has developed a licensing technology solution that provides users with an enterprisewide view of their licensing obligations and collaborative task management tools to make sure those obligations are being met.
For companies seeking to augment their compliance functions or fully outsource recurring tasks such as license renewals and periodic reporting, APPROVED provides a number of support services on a fixed-cost, annual basis.
3. Regulatory compliance
Examination preparation and management.
State regulatory examinations are a fact of life for licensed financial services companies, but they can distract from normal business operations and tax in-house resources. APPROVED offers consulting services that minimize disruption by helping clients prepare for examinations and managing the process when they happen.
These services supplement the extensive knowledge and experience of Buckley attorneys who advise clients through every stage of the examination process, from initial strategic planning to legal analysis of preliminary findings and assistance with post-examination matters.
4. Growth and right‑sizing
Evaluation and impact assessment.
Geographic expansion or adding new products and services can significantly increase a company’s licensing obligations and regulatory risk profile. Alternatively, company repositioning and market factors may afford a smaller licensing footprint.
Buckley attorneys conduct regulatory surveys to help clients understand licensing implications when planning for growth or realignment and APPROVED can manage new license applications, surrenders, or amendments following a business change.
5. Mergers and acquisitions
Due diligence and change management.
Regulatory compliance risk has become a significant consideration for companies and investors contemplating transactions in the financial services industry. Buckley attorneys work with organizations to conduct licensing compliance audits when evaluating potential partnerships or acquisitions.
Post-close, APPROVED has the expertise and personnel to manage required license changes and augment compliance resources to minimize disruptions to business operations during the integration.