Marcus Goddard, Head of Risk and Operations for Step One, commented:
"The volume of regulatory change in the industry over the past 12-18 months is unprecedented. It is satisfying to have our authorisation process completed as planned. We can now turn our full attention to the further changes on the horizon as we implement the new MCD rules that come into effect ina few short months."
Michael Childress, Director and CEO of Step One, added:
“The team has worked incredibly hard to prepare for the authorisation process and we are very happy to have received confirmation of our regulatory permissions. What a great way to finish another record lending year for Step One.”