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Ongoing Compliance

 

 

Assisting authorised clients to remain compliant to FCA threshold conditions, Ongoing Support is available to firms who have either Limited or Full permission.

 

Limited Permission Firm

Basic Ongoing Support £30 plus VAT per month includes the following:-

  • Telephone and email support, assisting you with any FCA queries you may have
  • Guidance in using the new FCA i-receivables on-line invoicing system
  • Providing you with monthly newsletters containing regulatory updates

Premium Ongoing Support* £60 plus VAT per month includes the following:-

  • Assistance with completing your GABRIEL reports, in line with your accounting reference dates, hence, the stress and risk of late reporting fines are averted
  • Guidance in using the new FCA’s i-receivables on-line invoicing system
  • Telephone and email support, assisting you with any FCA queries you may have
  • Adding or removing permissions, as and when required (Limited permissions only)
  • Providing you with monthly newsletters containing regulatory updates
  • Supported by Consumer Credit Compliance logo for your website / promotional material etc.
  • Advertising space on our member advertising page
  • Completing any FCA Standing Data Changes on your behalf. For example, changes to your:
    • Approved Person(s)
    • Ownership / Controller(s)
    • Trading Name
    • Website Address
    • Address or Contact Details
Full Permission Firm

Premium Ongoing Support £90 plus VAT per month includes the following:-

  • Assistance with completing your GABRIEL reports, in line with your accounting reference dates, hence, the stress and risk of late reporting fines are averted
  • Guidance in using the new FCA’s i-receivables on-line invoicing system
  • Telephone and email support, assisting you with any FCA queries you may have
  • Adding or removing permissions, as and when required (Limited permissions only)
  • Providing you with monthly newsletters containing regulatory updates
  • Supported by Consumer Credit Compliance logo for your website / promotional material etc.
  • Advertising space on our member advertising page
  • Completing any FCA Standing Data Changes on your behalf. For example, changes to your:
    • Approved Person(s)
    • Ownership / Controller(s)
    • Trading Name
    • Website Address
    • Address or Contact Details

 

*  All Limited Permission firms who wish to join us for the Premium Ongoing Support must demonstrate to us they have the following in place before signing up in order that we can satisfy ourselves the firm is meeting it’s FCA obligations as it intimated on their application. If the firm does not have one or more of these we can provide them at a one-off cost or you can spread the cost over a monthly payment scheme.

  • Regulatory Business Plan
  • Compliance Policies & Procedures
  • Compliance Monitoring Programme Document

Read what our clients say about this service

Testimonials

scc

“I was over-whelmed with the level of support I received from Consumer Credit Compliance. Not only was my Compliance Account Manager in regular email and telephone contact, I was also visited on-site to steer me through the complexity of applying for my consumer credit compliance authorisation.

This level of support continued as my business changed legal status and a variation of permission was required by the FCA to amend my authorisation from a partnership, to that of a Limited Company. Initially, I was daunted by this process, however, having been led through this I was surprised how quickly this progressed when appropriately supported by a compliance specialist.

Not only has my application now been authorised, I now also receive regular ongoing client support, including accurate and timely GABRIEL reporting. This takes another burden off my desk, as I know my Compliance Account Manager has all the key dates logged and makes contact whenever I need to take action and I am fully supported through this.

I am very impressed with CCC’s efficiency and professionalism and would certainly recommend fellow business associates to engage with them. Thanks CCC for all your excellent guidance and support. It has proved invaluable.“
Remo, SCC Leeds


cashbridge

“We have worked with CCC since the beginning of FCA licensing process and they have been always available to answer any questions we have and helping to navigate through the full FCA approval process. As our business is growing and we might be applying for some new licenses, we will definitely use them again and would recommend them for your ongoing compliance needs as well”
Julian Kaljuvee, Cashbridge Corporation


creations

“I was not sure if we needed a company like yours, thinking it was for large national companies, but, I spoke on-line to one of your consultants, who impressed me with the clear information received, that I decided to go with your company for the year. Your fee was very reasonable and as soon as it was paid, Rachael, (my first point of call) replied and had all the relevant information with the F.C.A.

I can now give a sign of relief that someone is looking after our interests and has the knowledge to complete the tasks. Thank you very much Rachael.

I will have no hesitation in recommending your company to all the other Managers of various companies we use who are also lost in the maze of F.C.A. Reports. Once again, many thanks.”
Muriel McClelland, Creations Interiors Ltd


kbm

“Ken Brown Motors (Stevenage and Harlow) used Consumer Credit Compliance to complete our FCA application.  Despite the tight deadlines for one of our applications Consumer Credit Compliance completed the application and dealt with any queries from the FCA very professionally. I was very happy with the service they provided and now use them for our ongoing compliance”
Peter Brown, Ken Brown Motors

Further Useful Information

What do I do when I am approved by the FCA?

After you have been approved, the FCA will expect you to implement any documentation your type of business is required to have in place, as set out in the FCA handbook. You will also be expected to adhere to FCA rules which stipulate the way in which your business conducts itself, treats customers and markets its products. In addition, the business must monitor how it has met, and will continue to meet these obligations, document these processes and checks, and make regular returns to the FCA on the business it has conducted via their GABRIEL system.

What is GABRIEL Reporting?

GABRIEL stands for ‘Gathering Batter Regulatory Information Electronically’.

It is the FCA’s reporting system and where all regulated firms must send their data. Each firm will have reporting dates, where they will have a set amount of time to complete the reports. If the reports are not done on time the firm may receive a £250 fine.
The reports are part of the authorised firms ongoing obligation. The regulatory yearly fees are based on the data provided by the firms during the report.

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