Add License

Adding a license links your product to the correct license type, category, and regulator. This step is required to configure compliance monitoring and ensure the product is evaluated against the right regulatory requirements.

Use this process when:

You are setting up a new product on the platform.
You need to assign a license to an existing product to align it with regulatory requirements.
Expanding compliance scope by adding a new license type or category.

Confirm you have the correct license details from your regulator.
Ensure you have the necessary permissions on the platform to add or update product licenses.

Start the License Setup
- You can add a license from the "Overview" or from the "Requirements" option.
- Begin the process to add a new license.
Choose the Product Context
- Select whether the license applies to a new product or an existing product.
Provide Product Information
- Enter the name of the licensed product as registered with the regulator.
Select License Type
- Choose the license type issued by the regulator.
Select License Category
- Pick the license category that aligns with the product’s scope of operation.
Proceed with Setup
- Review the details entered.
- Move forward to the next step of the setup process.

The product is linked to the appropriate license type and category.
Compliance requirements tied to the license are automatically made available for monitoring and tracking.
The product setup continues with framework and requirement alignment.

If the required license type does not appear, verify that the regulator is supported on the platform.
Ensure the product name matches exactly with the regulatory registration to avoid mismatches.
If you accidentally choose the wrong license type, you can return to this step and update before finalizing setup.