FCA authorisation
Discussion
I'm trying, but so far failing, to find a definitive answer on whether my company needs to be authroised by the FCA.
The intention is that we'll be introducing companies to a third-party credit firm, who will provide credit facilities for purchases from us.
However, we'll only be dealing B2B, and won't be offer the credit facility ourselves.
From what I've read on the FCA site, our activity falls under Credit Brokerage, but outside the Consumer Credit Agreement, and so don't need to be authorised.
Does anyone have a bit more knowledge on the subject and could shed some light?
Thanks.
The intention is that we'll be introducing companies to a third-party credit firm, who will provide credit facilities for purchases from us.
However, we'll only be dealing B2B, and won't be offer the credit facility ourselves.
From what I've read on the FCA site, our activity falls under Credit Brokerage, but outside the Consumer Credit Agreement, and so don't need to be authorised.
Does anyone have a bit more knowledge on the subject and could shed some light?
Thanks.
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