Guide to consumer credit authorisation in the UK

If you’re planning to launch or expand a consumer credit business, our comprehensive guide is essential reading. Whether you’re introducing a new credit product, creating smarter lending solutions, or tackling challenges like debt counselling or high-cost lending, this guide walks you through everything you need to know to become an FCA-authorised consumer credit firm. It clearly explains the UK’s consumer credit authorisation requirements, helping you understand the process, what information you’ll need to provide, and how to maintain compliance over time. 

Download the guide today!

Guide to consumer credit authorisation in the UK

This guide is a must-read for anyone considering making an application to the Financial Conduct Authority for consumer credit related permissions.

The authorisation process requires detailed information to demonstrate that your firm meets regulatory standards; not just at the outset, but on an ongoing basis. Before investing time and money, it is important to understand what’s involved and whether it’s the right step for your business. Use this checklist to structure your preparation, and speak with your fscom advisor if you have any questions along the way.

Our guide will explore:
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Whether your business plan involves regulated activities and any potential exclusions you could utilise.
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The locations you operate from and intend to serve, and whether direct authorisation is your only option.
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Essential requirements before applying, including building the right team, understanding costs, and planning for a potential business wind-down. 
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How to compile, submit, and successfully manage your FCA application.
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Maintaining compliance after authorisation, including effective systems and controls.
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Typical timelines for the authorisation process and strategies to navigate the journey efficiently with expert support.
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About fscom

At fscom - we are Compliance Maturity Specialists.

We help financial services firms measure, master and maximise their compliance framework. We benchmark where they are today against both the regulatory requirements and their industry peers and most importantly, where they want to go next and how to get there.

 
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