FCA Compliance Support and Solutions
We provide support for companies offering financial services in the UK. Whether you’re looking to become authorised or need support with your ongoing compliance, we have the expertise to help your business succeed.
We provide support and solutions for firms seeking FCA authorisation. We will review your proposed business model to identify any risks, draft your application and provide you with the documentation you need to obtain authorisation.
We support FCA authorised firms to understand and satisfy their ongoing compliance obligations. Our service is bespoke to your company’s regulated activities, providing you with access to the support you need to comply with the FCA’s requirements.
If you require short term help and support, consultancy time may be best for you. You can purchase as much consultancy time as you need to help with depending on the assistance you need. This then enables us to help to resolve whatever compliance issue you are facing.
Activities We Support
We help businesses to provide financial services in the UK including the following services:
Home Finance
We help businesses that offer advice and introductions to their customers looking for home finance (mortgages).
Credit Broking
We support businesses that help customers access consumer credit and consumer hire agreements.
Insurance
We support businesses that help customers (both retail and commercial) to access contracts of insurance.
Debt Management
We support businesses that help customers to manage their debts including those that provide advice and introductions.
Claims Management
We support businesses that help customers to make certain types of claims including housing disrepair and mis-sold financial products.
Other
We support these service providers and many more. If you'd like to find out more about if we can help you, contact us to speak with one of our experts.
Key Services
We are here to help with your compliance requirements and can provide support to your business on an ongoing basis including:
Complaint handling
For help handling complaints received including drafting complaint acknowledgement, final response letters and correspondence with the Financial Ombudsman service.
Financial promotion assessments
For help reviewing promotional material for compliance with the requirements set by the FCA in their various handbooks as well as the requirements set by the ASA.
Applications and notifications
For help getting authorised as well as adding and removing permissions, notifying the FCA of significant changes including changes of control, appointing directors and much more.
RegData
For support completing the various FCA RegData returns including by providing easy to use information requests to simplify the reporting process.
Quality assurance
For support by completing quality assurance on the work completed including monitoring calls and reviewing files for compliance with key FCA expectations.
SM&CR
For help ensuring your firm remains compliant with the Senior Managers & Certification Regime on an ongoing basis.
Frequently Asked Questions
We’ve included the answers to some of our most frequently asked questions below.
The permissions you need will depend on the service you want to provide and how exactly that service is provided. For example, if you want to broker credit to consumers, you’ll likely need permission for credit broking. However, some types of credit aren’t regulated, in which case you might not need permission from the FCA to provide your proposed services. To identify the permissions you need, you can contact us to speak with one of our experts for a free consultation.
We can help you become authorised by the FCA so you can provide financial services as well as help you maintain ongoing compliance with the FCA’s rules and requirements as an authorised firm. Whether you’d like ongoing support or occassional support, you’ll get a dedicated adviser who will know you and your business and who will be on hand throughout your journey to help with any compliance requirements you might have.
We’re a team of FCA compliance experts. That means we know the FCA’s rules and requirements and what practical steps businesses can take to translate the requirements into actions that demonstrate compliance. Working with us gives you access to our expertise and guidance for a fraction of the cost of having a full-time employee.
Our advisers have helped countless firms to become FCA authorised and to maintain their compliance after authorisation including some of the biggest names in their respective industries. Our support is suited for all types of companies but our focus is normally on supporting small to medium-sized businesses who appreciate working with a dedicated adviser that cares about their business.
Yes, there are alternatives but the viability of each will depend on exactly what you want to do. For example, if you want to broker credit without being authorised by the FCA, you can become an Appointed Representative or an Introducer Appointed Representative (to do so you can visit our partners at www.finapay.co.uk/offer-finance/). However, if for example, you wanted to engage in claims management activity, unfortunately, there’s no option to become an appointed representative and so you would instead consider the exclusions that are available.
