Lending

We have supported a wide range of credit lending clients across all major sectors since 2003. Our team of experts has managed more than 800 successful FCA credit applications and continues to support over 360 clients across the space, helping firms to reduce their regulatory risk and ensure compliance helps their business to grow.

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Our expertise

We have helped over 800 credit firms get authorised and currently have more than 360 credit clients benefitting from our ongoing support. Whether you are looking to lend money, hire or lease out goods, or offer sales on credit/finance, our team of compliance consulting experts are more than equipped to support you. We support firms across the entire credit lending space including firms looking to offer; retail lending, automotive purchase, unsecured loans and hire purchase, as well as point of sale lenders and credit card providers.

All firms looking to carry out credit lending or financial services activities in the UK, must first be authorised by the FCA in order to carry out this activity. As a lending firm, you are required to submit a full authorisation application. Additionally, depending on the permissions applied for, lenders will be required to submit authorisations for those holding senior management roles to assess whether they are ‘fit and proper’ for the roles in which they will hold. We can support you through the whole process, including the authorisation process for senior managers, contact us to find out how we could support you.

Once authorised, firms will be required to meet all of the regulatory obligations required of them by the FCA in order to maintain their authorisation status and continue to offer regulated services. If you are looking to get authorised for the first time, or looking for a new compliance partner to support your ongoing needs, we would be delighted to hear from you and work with you every step of the way.

FCA authorisation & regulatory project support

We can support Credit firms with all aspects of their compliance to help them confidently navigate regulation in a way that will keep their vision and objectives intact.

FCA Authorisation & Applications

We know what the FCA is looking for after successfully managing over 1,500 applications across all financial sectors. We work closely with our clients to ensure a complete application, which at the core reflects the client’s business plan, reaches the Regulator, to help ensure authorisation is achieved efficiently.

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Consumer Duty

A wide range of services options to support all firms with the implementation of the new Consumer Duty.

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Appointed Representatives

We help firms that want to build a compliant AR network, and/or maintain their current network. Our support services include annual AR reviews, AR monitoring, and development support of appropriate and compliant AR frameworks. Whether you are looking to become a principal yourself or are unsure as to whether becoming an AR is the best route for you, contact us today.

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Ongoing Compliance Support

Cosegic support hundreds of firms with their ongoing compliance requirements, be it through regular compliance monitoring, online and classroom training, compliance assurance reviews or carrying out remediation required to meet regulatory obligations.

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Compliance Healthcheck

Our Compliance Healthcheck gives you comfort and peace of mind that you have appropriate compliance arrangements in place.

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Compliance Advisory

We provide industry-leading ongoing consultancy services support which is constantly adapted to the ever-evolving regulatory environment. We also routinely solve client specific issues, offer ad-hoc project support, assist with changes in business structure and the effect and impact of new regulation on systems, policies, procedures and controls.

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Training

Ensuring your management and staff receive appropriate compliance training is a requirement of the FCA’s regulations. We offer two options, online training courses using our PortAll software and bespoke classroom training and workshops

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Variation of Permission

If you are an authorised firm looking to change your regulated activities, start a new business line or add new product/client types to your business line, we can support you with your variation of permission (VOP) application.

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Change in Control

If you are looking to acquire or increase control of a regulated firm you must send a notification to the FCA for a Change in Control (CiC) and have prior approval from the FCA before the transaction can go through. We can help you notify the FCA of the change and ensure that the CiC goes smoothly.

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Ongoing support options

Are you looking for compliance support on an ongoing basis? Take a look at our menu below and choose the package that is right for you.

Core

from £99pm

Regtech – MCC Lite
Document Library
Compliance Monitoring Plan
Activity Reminders & Guidance
Regulatory Updates
Helpdesk Support
PortALL (1 Licence)
Extra Consulting Hours (standard rate)

Flex

from £275pm

Expert Consultant Support (6 Hours per annum)
Regtech – MCC Lite
Document Library
Compliance Monitoring Plan
Activity Reminders & Guidance
Regulatory Updates
Helpdesk Support
PortALL (1 Licence)
Annual Healthcheck (remote)
Extra Consulting Hours (discounted rate)

Bespoke

POA

Expert Consultant Support Hours (tailored to your individual needs)
Regtech – MCC Lite
Document Library
Compliance Monitoring Plan
Activity Reminders & Guidance
Regulatory Updates
Helpdesk Support
PortALL licences (tailored to your individual needs)
Extra Consulting Hours (discounted rate)

In addition to your choice of our core, flex, and bespoke support packages, you can also add on any of the following services at an additional fee, to meet your personal business needs.

• Annual Compliance Assurance Review, • Financial Promotions/ Marketing Review, • Compliance Monitoring/ File Reviews, • RegData Returns, • Flexible Service Contract, • Annual Healthcheck (remote)

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Why choose Cosegic?

Our 360 degree perspective of regulatory affairs

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Our 360 degree perspective of regulatory affairs

Our wide range of financial sector experts come together on a regular basis to discuss their interactions with the FCA and the regulatory trends that they are seeing, providing us with a more informed understanding of the FCA than our competitors.

Direct, proportionate advice

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Direct, proportionate advice

Our unique perspective means we really do have our fingers on the pulse of regulation, which helps us to ensure that the advice we offer is practical, helpful and directly proportionate to our clients’ needs.

Our understanding of the role of compliance in firms

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Our understanding of the role of compliance in firms

We have watched the evolution of compliance over the past twenty years and understand that compliance must now become a core part of how financial services carry out their businesses in order for them to be successful.

Compliance confidence for visionary growth

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Compliance confidence for visionary growth

In recognising this, our services have been built in a way that can help you navigate regulation ensuring you will keep your vision and objectives intact. Our breadth of experience allows us to balance your business objectives with your compliance requirements.

We're experts in our field

Meet Ben Antcliffe, Associate Director leading the Consumer Credit & Insurance team. Ben specialises in the Consumer Credit, Mortgages, and General Insurance sectors, providing daily compliance services and support to a wide range of clients. He is a core member of the team and can frequently be found supporting his colleagues with various technical projects and queries. He is also an active member of the APCC.

CONTACT BEN