We were approached by a consumer credit firm looking to achieve FCA authorisation. To help the firm achieve authorisation, we provided a range of services, including:

• Review of the company's business model and operations to ensure compliance with FCA regulations
• Development of policies and procedures for managing risk and protecting consumers
• Preparation of an application for authorisation, including the submission of a detailed business plan and information about the company's management and ownership
• Assistance with the FCA's on-site visit and ongoing support during the authorisation process
• Through our efforts, the consumer credit company was able to demonstrate to the FCA that they had the necessary systems, controls, and governance in place to operate in compliance with regulations. As a result, they were granted authorisation to conduct business as a consumer credit company in the UK.

This engagement helped the firm to establish trust in the regulator and allowed them to operate in a regulated environment. This also meant they could access funding, partners and clients that would not have been possible without the regulatory authorisation.

With our support, the company was able to navigate the complex process of FCA authorisation and establish a strong foundation for growth and success.