We have been directly authorised and regulated
by the Financial Conduct Authority (FCA)
for general insurance permissions since 2009,
and consumer credit permissions since 2014,
working specifically within the retail motor industry.
We act as a Principal Firm for our own
Appointed Representative (AR) network,
along with supporting Franchised and Independent
Motor Dealers Directly Authorised by the FCA.

Directly Authorised

We can ensure you stay that way through:

Dealership support from our motor dealer experienced Dealer Development Managers

Implementing simple processes and procedures

Ongoing FCA compliance monitoring

E-Learning accreditation for all managerial staff & customer-facing users

Online customer-facing platform bespoke to your sales process

Appointed Representative

Our permissions allow motor dealers to act as Credit Brokers and sell add-on General Insurance products, from providers of their choice, under the umbrella of Automotive Compliance Ltd, without the requirement of being Directly Authorised by the FCA.

What is the happening in the Regulatory world that affects you?

The Motor Industry needs to know

Car dealers' GAP sales fall 16-23% following FCA compliance legislation

The Financial Conduct Authority has revealed that its GAP insurance sales legislation has led to an average fall in car dealers’ sales of the add-on insurance product of between 16 and 23%.

FCA stops 38 dealers offering finance to customers for compliance failures

Since January this year, 38 motor dealers have received final notices that have been published on the Financial Conduct Authority website and have had their consumer credit permissions cancelled.

FCA Payplans & Incentives

The FCA have published final guidance on how consumer credit firms should manage risks related to how they pay and manage the performance of their staff.
Motor Dealers should digest this fully and review Pay Plans NOW!

Are you aware that we also work with motor dealers directly authorised by the FCA?

CALL US FOR A FREE HEALTH CHECK 01452 671 570