Did you know you can check whether a firm is authorised, what activities it can do and how customers are protected?
A firm may be authorised by the FCA, but this does not mean all of the firm’s business activities are regulated by the FCA. You can use the Financial Services Register to check whether a firm is authorised, and what activities it can carry out that the FCA regulates. You can also see whether you can make a claim through the Financial Services Compensation Scheme if a firm fails.
What does this mean for businesses? It is important that you understand what is and isn't a regulated activity, what permissions you have and what responsibilities lie with the approved person. At PPL we specialise in guiding companies of all sizes and sectors through the journey to becoming authorised by the FCA - whether that be full permissions or as an Appointed Representative.
Get in touch today and work with us to ensure you remain compliant.