An Appointed Representative can act in the same way as a directly authorised business: advising customers, completing finance proposals, advertising finance and receiving commission. As an Appointed Representative of Product Partnerships for consumer credit activities, you can still choose your finance provider, subject to our due diligence checks & approval, the firm being correctly authorised and complying with all FCA regulations.
However, you still have to ensure the consumer is at the heart of how your business operates and a director or senior manager will become an Approved Person with responsibility to ensure your firm acts within the FCA rules and guidelines. Our compliance monitoring programme will ensure this happens which includes detailed audits and inspections to ensure the consumer is affored the same level of rigor as a Principal Firm.
If you would like to know more about being an Appointed Representative of PPL, get in touch and we will talk you through the application process. We do have a stringent application process, but if you have a robust, well run business with the necessary resources and a clear, well-structured operation, subject to meeting our and the FCA’s criteria, we’ll get you set up and able to offer credit facilities as soon as we can.