Motor Vise Limited Achieves Record-breaking Fca Authorisation
London, UK – 25 July 2024 – Alumni Compliance is proud to announce that our client, RJR Motorcycles, has successfully secured FCA authorisation for Limited Permission credit broking. This significant achievement marks a new chapter for RJR Motorcycles, enabling them to expand their business and offer consumer credit options to their customers.
Rapid and Efficient Authorisation Process
RJR Motorcycles approached Alumni Compliance at the end of May 2024, seeking expert assistance with their FCA authorisation. Our dedicated compliance consultants swiftly initiated an information-gathering exercise, ensuring a thorough understanding of RJR Motorcycles’ business needs and regulatory requirements.
Comprehensive and Swift Documentation
Within just one week, our team prepared a detailed 100-page Regulatory Business Plan, drafted all necessary policies, including a Compliance Monitoring Programme, and compiled other essential documentation. This comprehensive FCA application was submitted promptly, reflecting our commitment to efficiency and excellence.
Successful FCA Authorisation
Six weeks after submission, the FCA informed RJR Motorcycles of their successful authorisation, and the business is now proudly listed on the FCA Register. This swift approval underscores the effectiveness of our streamlined processes and deep regulatory expertise.
Client Testimonial
Mr. Rawlins, founder and director of RJR Motorcycles, and the recently approved SMF29 for the firm, expressed his satisfaction, saying, “I was pleasantly surprised with the speed of service provided by Alumni Compliance. They were able to prepare and submit our application for consumer credit broking authorisation and achieve Authorisation within six weeks. Previously, we had to turn away multiple finance enquiries each month, resulting in significant revenue loss. Now, with our FCA consumer credit licence, we’re excited about the immediate benefits and growth opportunities this authorisation brings.”
Unlocking Business Growth with FCA Authorisation
For businesses like RJR Motorcycles, obtaining FCA authorisation for Limited Permission credit broking is a game-changer. It not only enhances customer service by offering financing options but also significantly boosts revenue potential. Alumni Compliance is proud to support businesses in navigating the complex regulatory landscape, ensuring compliance and fostering growth.