Who we can help
Automotive Dealers
The FCA Authorisation application process is a tricky one, but you know that offering finance brings more customers and more profit. We’ll get you there quickly and easily.
Lenders
The FCA Authorisation to hold client money for consumer credit lending is very complex, but we make FCA consumer credit lending as simple as picking up the phone to one of our team of experienced compliance experts
Retailers
Do I need FCA authorisation? Yes, you do! If you want to generate more sales, and stop standing in the shadows of the national chains by offering finance and taking back customers.
Trade Sectors
FCA Authorisation for firms, whatever trade sector you can make it affordable for your customers with finance.
Business 2 Business
Have you thought of yourself as exempt from being FCA authorisation? Maybe you’re a company that deals with cctv/security, telecoms, vending machines, payment providers? We’ll get your FCA authorisation for credit broking to enable you to facilitate in finance.
Brokers
Do you want to be an FCA Authorised Broker? Do you want to offer car finance or automotive finance? Getting authorised for your new venture doesn’t have to be complicated, we’ll guide you through and even help and supply all your FCA documentation and policies
Appointed Representatives (AR’s)
An Appointed Representative (AR) is a firm or person who runs FCA regulated activities by acting as an agent for a firm (Principle) who is directly authorised by the (FCA). This is a contractual agreement in which the principal firm must take full responsibility for ensuring that the AR complies with the regulations put in place by the FCA… Easy eh? Contact us and we’ll speak to you in a language you’ll understand, and if you’re an automotive dealer, we may be able to get you subsidised.
FAQ's
Do you have to be authorised by the FCA to offer finance?
In almost all cases, yes. The most common exclusions are if you are offering less than 12 payments over less than 12 months and charge no interest or if you are only selling to limited companies. You can contact us for a no obligation chat about what permission you need and what it would cost.
How long will it take for my licence to be authorised?
The FCA state that for a standard Limited Permission application it can take up to six months once they deem it complete and up to 12 months in total. Our current processing time is an average well within six months but this is influenced by the accuracy of the information you provide to us, how well you engage in the process and how straightforward your case is for the FCA to assess.
Can you guarantee I will get accepted by the FCA?
Before we take on any client, we discuss your eligibility and satisfy ourselves that you qualify for authorisation. It is however the FCA’s decision to approve you or not and so if you omit to notify us any information that could harm your application we cannot be liable for that. We often advise potential clients to not to proceed as our expert experience knows they would be rejected, we’d rather you keep your money and be honest.
When my licence is approved, how long before I can start to facilitate finance?
Immediately, though it may take around 24 Hours to show on the FCA Register.
Once I’m authorised, who do I use to offer finance on my goods?
You are free to use whoever you wish but at The Compliance Guys Ltd we have established, unburdened relationships with Lenders and Brokers who are specialists in the sector you are working in and we will gladly put you in contact with these…not only that, but while you’re waiting for authorisation you get FREE access to our compliance CRM and use of our Test Drive APP!!
Do I have to pay an annual fee or do anything going forward?
Yes, the FCA charge an small annual fee, ask you to report to their Gabriel system and confirm your firms details annually. At The Compliance Guys Ltd we can set up a monthly Direct Debit for us to take full control of these so you never have to worry – or get fined! The Compliance Guys Ltd offer on going monthly compliance packages starting from just £59 + VAT per month.
Do I have to pay an annual fee or do anything going forward?
Yes, the FCA charge an small annual fee, ask you to report to their RegData and confirm your firms details annually. At The Compliance Guys Ltd we can set up a monthly Direct Debit for us to take full control of these so you never have to worry – or get fined! The Compliance Guys Ltd offer on going monthly compliance packages starting from just £59 + VAT per month.
Can FCA authorisation expire?
Your FCA Authorisation can’t expire, but it can be revoked!! if you fail to pay your ongoing fee’s and file your reports then this will happen… but hey!! That’s why you’ll get us to do it for you.
Our Key Services Include:
- FCA Approval Services for Automotive Dealers: Navigate the requirements to offer vehicle financing confidently.
- Mortgage Broker Compliance Solutions: Ensure your mortgage offerings meet FCA standards for transparency and fairness.
- Insurance Broker FCA Guidance: Stay compliant with regulatory standards while providing insurance products.
- Finance Lender Compliance Assistance: Achieve and maintain FCA compliance to enhance your lending operations.
- Retail Finance Compliance Services: Help retailers manage finance offers responsibly and in line with FCA regulations.
Caring, not scaring...
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