Credit brokers help people find credit by comparing the market and introducing them to appropriate lenders. If your firm provides credit broking in the UK, you need authorisation from the FCA.
Our consultants will determine your firm’s role in your customer’s journey to understand the permissions required to carry out the relevant financial activities.
Contact usThis service is for any business in the UK providing credit broking. Firms can be primary credit brokers (where their sole business is helping customers find credit) or secondary credit brokers (where credit broking is provided alongside other services).
Credit broking is regulated by the FCA, so you need to submit an application through its online portal to get authorisation to provide these services to customers.
Your application needs to demonstrate that your business is ready to meet the regulatory obligations credit brokers must adhere to and how you will stay compliant once you are authorised.
We assess your business model and identify the permissions you need to operate within UK financial services regulation.
We will then help you build a strong application, which includes a Regulatory Business Plan (RBP), demonstrating that you are ready, willing and organised to carry out regulated activities, and a Compliance Monitoring Programme (CMP), presenting how you will mitigate risk to stay compliant while providing credit broking services.
Our consultants recognise what the FCA expects in complete applications. We can help you build a strong application that will satisfy the FCA’s requirements.
Our consultants are all former FCA employees. They know what makes a strong credit broking authorisation application.
You will know what our fees are from the start and exactly what you are paying for without unexpected expenses.
We have helped hundreds of businesses across the UK get their credit broking authorisation.
You need to apply for credit broking authorisation through Connect, the FCA’s online portal.
Applications are usually approved within four months, but incomplete applications can take up to ten months.
Yes. If credit broking is your primary business activity, you will need to apply for Full Permission. If credit broking is your secondary activity alongside other services, you will need Limited Permission.
FCA regulation and compliance can be complex, but we will help you navigate the process, allowing you to expand your business and create new revenue streams.
Contact us to talk to our friendly team about your requirements.