To be directly authorised or not to be directly authorised that is the question many brokers, manufacturers and dealers are asking themselves at the moment.

On the 1st April 2014 the Financial Conduct Authority (FCA) took control of the Consumer Credit market from the Office of Fair Trading (OFT) and with that control came a number of changes to the sector.

All businesses holding a Consumer Credit Licence, that wished to continue to offer credit to consumers were required to apply for interim licences and then apply for full authorisation under the new regulator.

The regulator realises that for many businesses the extra financial and operational burden of meeting their standards may prove impossible by themselves, so they have provided a mechanism for businesses to become agents (Appointed Representatives) of directly authorised firms (Principals).

This does not mean they can avoid their responsibilities, but it does mean that they can allow another firm to help them ensure they meet the regulators expectations.

Asset Finance Solutions was granted Principal status earlier this year and as such we can offer authorisation to businesses that are unsure if they can meet the regulators standard on their own.

This isn’t new ground to us, we have been a franchisor for over 10 years, taking responsibility and ensuring our franchisees met the regulators and our lenders  expectations. Unlike anyone else out there we know how a network works and understand what our network members need on a day to day basis.

Allow us to help you, we’ll ensure you are compliant, meaning you can focus your attention on your customers. At the same time we’ll give you access to an unrivalled panel of lenders, a state of the art proposal and management system and support that is second to none in the industry.

You remain independent, but aided and supported by the Network.

We’re only successful if our Network members are successful, so we are very focussed on ensuring they are.

Please feel free to read our Authorisation / Franchising page.

We are the largest Network in the Industry for very good reasons