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@el_presidente
The mobilisation route is optional.
Mobilisation enables new banks to secure further investment, recruit staff, invest in IT systems and commit to third-party suppliers etc due to them being an authorised bank. Mobilisation is therefore for firms to complete the build out of the bank, including the processes, people and systems and is not to be seen as the stage to commence these developments.
During mobilisation, we limit the amount of total deposits that a new bank can accept to a total of £50,000.
Mobilisation could take as little as a few months but cannot continue indefinitely and should take no longer than 12 months. A Variation of Permission application for banks to exit mobilisation shall be required to be made at least three months prior to the expiration of the 12 month mobilisation period to allow sufficient time for the regulatory assessment.