The aim of this service is to take its members through the FCA application and regulation process around the new Consumer Credit Act regulations, as brokers will be called forward over the next two years to complete the application process with the FCA.
The new service will begin with the hosting of multiple seminars, which are free for all NACFB members to attend.
The NACFB said it was important that they helped their members to comply with the new FCA regulations and will also take NACFB brokers through the first anniversary audit. The audit for each member of NACFB Compliance Services will be sponsored by four NACFB Patrons who are supporting this initiative. They are Shawbrook Bank, Investec, Aldermore and Close Brothers Asset Finance.
