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The Financial Services Authority recently released their final rules relating to Sale and Rent Back (SRB) regulation. Firms that obtained interim permissions will need to complete and submit a full application as soon as possible. If your application isn’t approved on the 30th June 2010 you will need to stop SRB activities until you are authorised.
Firms that are not currently interim authorised who are intending to commence SRB activities, may submit their application pack ahead of the full regime coming into force on the 30th June. (However your application cannot be treated as being formally received until the full regime starts).
At Ecompli we provide a comprehensive, affordable, FSA application support service that guides you through the whole application process.
If you would like more information on how we can help you then please contact us on 01254 675 674 or register your interest and we will contact you directly.
Once you receive your full FSA authorisation then you will need to adhere to the ongoing regulatory requirements that the FSA enforce. In order to assist firms with this transition we have tailored our compliance support and designed a unique package aimed specifically for Sale and Rent Back firms.
If you would like more information about our ongoing service, then please do not hesitate to contact us.