FCA authorisation

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Original Poster:

16,802 posts

212 months

Tuesday 16th September 2014
quotequote all
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.

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Original Poster:

16,802 posts

212 months

Tuesday 16th September 2014
quotequote all
Thanks all - seems to be in line with what I thought / have read.

I did contact the FCA but as ever, their guidance was a bit woolly to say the least.

We'll only be dealing with companies over a certain size, and that size will be more than 5 staff!