Do you want to offer your clients the facility to obtain Finance for your products and services? At Ensured Compliance we have a wealth of experience in providing FCA authorisation and compliance support. Having worked as case officers in the Authorisation department of the FCA's predecessor, the FSA, we understand just what is expected of applicants for regulatory authorisation under the FCA regime. Our aim is to relieve you of the stress of the application process. This aim allows you get on with running your business. The services we offer work to make sure your business operates in line with the FCA standards.
We are not a large firm. There are no central London offices we operate in whose cost we must pass on to our clients. As well as this, we do not even try and present ourselves as such through virtual office addresses. Our company is staffed only by long experienced professionals. Your case will never be dealt with by a junior member of our team as, simply, we have no juniors. The business was established on the back of our experience at the FSA. We have a unique firsthand experience on what we considered to be a generally poor quality of support given to applicant firms. Credibility is a valuable commodity, too easily lost through a poor application. Whatever your business, whatever your need. Whether you are a car dealer, dentist, home improvement firm, finance broker, debt management firm, golf club, even a bank. Our team have the range of experience and knowledge to efficiently and professionally attend to your need, Ensured.
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From only £1500 - we will help you gain the FCA authorisation to offer your clients Finance.
We have the experience to ensure your FCA application is as efficient as possible.
All FCA compliant companies are obliged to monitor the latest standards and stay up to date.
Benefit from our recent in-house experience of working within the FSA Authorisations department.
Often this alone causes confusion. As a firm, we have experience in assisting a very broad range of clients. From car dealers wishing the ability to introduce finance options to their customers, to loan or mortgage providers, even banks. Our experience is here for you, to make sure you apply for exactly the permissions your firm needs.
Everything. Well, almost. You will need to supply us with information about your firm and your intended activity. From that, we will undertake the entirety of your application. We write your Regulatory Business Plan, assemble financial projections, complete the entire online application. This includes controlled function and controller forms. As well as this we supply you with a full suite of policy and procedure documents as needed. We will then work with you to answer any questions that come back from the FCA.
Much like the piece of string, that is hard to answer, and all depends on the complexity of the application. Assembling the entire application and get it submitted to the FCA typically takes between 2 and 3 weeks from instruction. We have under extreme circumstances completed an application within 24 hours and consider ourselves highly commercial, pragmatic and responsive. Once into the FCA, the approval times range anything from one week to 6 months. Once again this will be dictated by what it is you are seeking to do. Limited permission credit broking, in theory, should be approved much quicker than an application for short-term lending.
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Once approved, you must ensure your business complies continuously with the relevant rules detailed in the FCA Handbook. Additionally, your firm will need to make periodic online reports to the FCA. The frequency of these depends upon the nature of your authorisation, monthly out to annually.
Periodically the FCA will review your firm's activities. The frequency of this is determined by the FCA's assessment of the risk that your firm poses. The maximum period is every 4 years. Failure to comply with FCA rules can have severe consequences for both firms and management.
We are here to help you, Compliance Ensured.
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- Scott Greening - Alto Energy Ltd
- Lee Slater - Motion Vehicle Consulting Ltd
- Mark Pagett - CAPC Commercial
Limited permission authorisation = £1,500
Full permission authorisation (from)
* prices are plus VAT
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For Limited Permission Firms, our charge is £35 per month on a rolling one-month contract. For a Full Permission Credit Broker, our charge is £75 per month. Pricing depends on the amount of support your firm needs.
We ensure that our pricing is competitive and that our clients receive full value for money, Ensured.
All prices are plus VAT.
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As a firm, our foundation is in FCA regulation. We are just a small firm whose founder is a former Senior Authorisation Officer from the predecessor of the FCA, the FSA. For the past 7 years we have been assisting a whole range of firms to obtain and then maintain authorisation from the FCA.
We operate in a quite different way to our competitors. How?
Firstly, our team of 4 all come from the real commercial world, largely client facing commercial bankers by background.
Secondly, we have no juniors, we are all long experienced and in our 40’s and 50’s. In many consultancies applications are undertaken by juniors with limited experience, the result being sub-optimal applications to the clients detriment. Credibility is a valuable commodity, too easily lost through a poor application.
Thirdly, pricing. We operate a very lean business model, we have no city centre office and minimise our overhead to the benefit our clients. This allows us to offer our services at a highly competitive price, often 50% or more less than our major competitors.
Everything. Well, almost. You will need to supply us with information about your firm and your intended activity. From that, we will undertake the entirety of your application. We write your Regulatory Business Plan, assemble financial projections and complete the entire online application. This includes controlled function and controller forms. As well as this we supply you with a full suite of policy and procedure documents as needed. We will then work with you to answer the inevitable questions that come back from the FCA.
Based on current experience, we would expect the authorisation process to be completed within around 6 months of application, assuming no issues.
This Privacy Notice sets out how we’ll use your personal data. Your personal data is data which by itself or with other data available to us can be used to identify you. We use your personal data in accordance with Regulation (EU) 2016/679, the General Data Protection Regulation (GDPR).
To assist you in your application for authorisation to the Financial Conduct Authority we’ll use certain owners, directors and shareholder’s personal data for the reasons set out below.
The sources of personal data collected indirectly are mentioned in this statement. The personal data we use may be about the owners, directors and shareholders may include:
Full name and personal details including contact information (e.g. home address and address history, email address and contact telephone numbers);
Date of birth;
Financial details (in certain instances we may request a statement of personal assets and liabilities);
Information from credit reference or fraud prevention agencies, electoral roll, court records of debt judgements and bankruptcies and other publicly available sources;
Employment details/employment status
Personal data about other named applicants. You must have their authority to provide their personal data to us and share this Privacy Notice with them beforehand together with details of what you’ve agreed on their behalf.
You must provide your personal data so we complete the required sections of the application documents in relation to your application for authorisation to the Financial Conduct Authority (unless you’re a customer and we already hold your details).
We’ll process your personal data:
As necessary to perform our contract in assisting you with your application for authorisation to the Financial Conduct Authority:
To take steps at your request prior to entering into it;
To manage and perform that contract;
To update our records; and
As necessary for our own legitimate interests or those of other persons and organisations, e.g.:
For good governance, accounting, and managing and auditing our business operations;
As necessary to comply with a legal obligation, e.g.:
When you exercise your rights under data protection law and make requests;
For compliance with legal and regulatory requirements;
For establishment and defence of legal rights; and
For activities relating to the prevention, detection and investigation of crime;
To verify your identity, make credit, fraud prevention and anti-money laundering checks;
Based on your consent, e.g.:
When you request us to disclose your personal data to other people;
You’re free at any time to change your mind and withdraw your consent. The consequence might be that we can’t do certain things for you.
Subject to applicable data protection law we may share your personal data with:
The Financial Conduct Authority as part of the application process for authorisation.
Companies and other persons providing services to us;
Our legal and other professional advisors;
Fraud prevention agencies;
Government bodies and agencies in the UK and overseas (e.g. HMRC and with regulators e.g., the Financial Conduct Authority, the Information Commissioner’s Office);
Courts, to comply with legal requirements, and for the administration of justice;
In an emergency or to otherwise protect your vital interests;
To protect the security or integrity of our business operations;
To other parties connected with your Product application e.g. other people named on the application who will see your transactions;
When we restructure or sell our business or its assets or have a merger or re-organisation; and
Anyone else where we have your consent or as required by law.
The personal data we’ve collected from you at application or at any stage may be shared with fraud prevention agencies who will use it to prevent fraud and money-laundering and to verify your identity. If fraud is detected, you could be refused certain services, finance or employment in future. We may also search and use our internal records for these purposes.
The following criteria are used to determine data retention periods for your personal data:
Retention in case of queries. We’ll retain your personal data as long as necessary to deal with your queries (e.g. if your application is unsuccessful);
Retention in case of claims. We’ll retain your personal data for as long as you might legally bring claims against us; and
Retention in accordance with legal and regulatory requirements. We’ll retain your personal data based on our legal and regulatory requirements.
Your rights are as follows:
The right to be informed about our processing of your personal data;
The right to have your personal data corrected if it’s inaccurate and to have incomplete personal data completed;
The right to object to processing of your personal data;
The right to restrict processing of your personal data;
The right to have your personal data erased (the “right to be forgotten”);
The right to request access to your personal data and information about how we process it;
The right to move, copy or transfer your personal data (“data portability”); and
If you have question, want to exercise your rights or make a complaint, please contact us.
You can also make a complaint to the Information Commissioner's Office, Wycliffe House, Water Lane, Wilmslow, Cheshire SK9 SAF, telephone 0303 123 1113, www.ico.org.uk
