LicenseCompare

Activity map

Investment research licensing requirements

Securities research, model portfolios, newsletters, platform commentary, ratings, and recommendation-like analysis.

Who this is for

  • - Research providers
  • - Newsletter publishers
  • - Analyst platforms
  • - Advisory firms adding research

Trigger questions

  • - Is the research general or tailored to a user, portfolio, product, or trade?
  • - Are analysts paid by issuers, distributors, transaction activity, or subscribers?
  • - How are conflicts, disclaimers, and distribution controls handled?

Common mistakes

  • - Relying on disclaimers while the product journey feels like personalised advice.
  • - Not controlling conflicts, issuer payments, or sales follow-up.

Compare by jurisdiction

Securities and Futures Commission

Hong Kong

Typically 4 to 8+ months after a serious application pack is ready.

Open matrix

Monetary Authority of Singapore

Singapore

Typically 4 to 9+ months depending on route and readiness.

Open matrix

Financial Conduct Authority

United Kingdom

FCA service standards distinguish complete and incomplete applications; practical timelines often run 4 to 10+ months.

Open matrix

SEC / FINRA / state securities regulators

United States

SEC adviser registration can become effective in about 45 days if complete; FINRA new member review may run up to 180 calendar days for substantially complete applications.

Open matrix

Australian Securities and Investments Commission

Australia

Often 4 to 8+ months depending on authorisations and proof quality.

Open matrix