Consumer credit firms include credit card issuers, credit brokers, payday lenders, log book lenders, peer-to-peer lenders, pawnbrokers, and debt management and debt collection firms. In order to offer Consumer Credit Regulated Services a firm must be authorised by Financial Conduct Authority (FCA).
A firm or business that wants to carry on regulated consumer credit activities will have to apply for FCA authorisation. We will assist you in establishing whether your firm's activities are regulated, if they are we will provide throughout assistance in preparing your application for authorisation, unless there is an exemption or exclusion, and more specifically for limited or full permission.
To become an authorised consumer credit firm, you have to show you meet our minimum standards – known as ‘threshold conditions’. You also have to comply with principles, rules about systems and controls and Consumer Credit rules held by FCA.
Depending on the regulated financial activities your consumer credit firm carries out, firm will have to apply to FCA for either limited or full permission. The minimum standards for limited permission and full permissions applications are different from each other.
Our range of Consumer Credit FCA Applications include:
The UK handles up to 36% of all transactions, making the country the most important currency exchange centre in the world.
We works closely with the businesses involved in Consumer Credit and Corporate Finance activities to process their Authorisation