ITC Compliance
Wednesday 8th September 2010 2:34am
www.itccompliance.co.uk
T: 0117 953 9068
F: 0117 953 9071

Regulation came into effect for motor dealers on the 14th of January 2005 and since then the numbers being Directly Authorised by the FSA have diminished... the reason for this is simple. Direct Authorisation is complicated and if you don’t dedicate the hours required to stay on top of it, it has the capability to stop your business in its tracks. Hundreds of motor dealers have had to pay fines to the FSA, these range from the headline grabbing £61,600 to the hundreds of £250 penalty charges for late submission of returns.

How can ITC help?

ITC are by far the UKs largest and most established independent FSA Network; in brief this means that we bring firms under our regulatory umbrella and shield them from the burden and associated costs of direct authorisation:

  • No 6 monthly returns to the FSA or the fines for late submission
  • No risk of an audit by the FSA
  • No need to buy added Professional Indemnity Insurance
  • No need to store any paper (if paperless option with electronic signature pad is taken)
  • 4 different sales options available depending on your preference and the types of products you sell – One size does not fit all!

Click here to download our brief guide to Network membership requirements.

Click here to contact to your dedicated Regional Account Manager.

How can we help?









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