Bluestone Leasing is delighted to announce that they have achieved full authorisation with the Financial Conduct Authority (FCA).
The FCA took over regulation of the industry from the Office of Fair Trading on 1st April 2014 and introduced a new accreditation process to replace consumer credit licencing. The new structure is significantly more rigorous than ever before whilst the small number of full accreditations awarded to date is testament to just how high the bar is set for those seeking full accreditation.
The award comes about after tireless work by the team to ensure that all Bluestone Leasing processes and documentation are best in class and has taken over 18 months to achieve.
All those who work with Bluestone Leasing know that they work to the highest standards and that all the information provided is fully compliant and to the best interests of all involved.
Managing Director Vineesh Madaan commented “The team works very hard to deliver excellence for both our channel partners and business customers and having this external seal of approval just adds to the overall quality of our work. Special thanks need to go to Mark Hargreaves, our compliance officer, who tirelessly answered all of the FCAs questions to ensure the application was a success.”.
Mark Hargreaves stated “Whist the process was arduous and time consuming we already had the processes and documentation in place to satisfy all of the FCAs requirements”
Sales Director, Steve Russell, offered further comment. “Asset finance is certainly a growing part of our customers’ investment strategy but that alone does not explain how we have trebled the size of the business over the last four years, outpacing all our competitors. Our commitment to quality and working in an ethical manner, underlined by full FCA authorisation, secures both our existing customers and attracts a steady flow of new ones.”.
Ominously for the rest of the industry, Phillip Bennett, CEO at Bluestone Leasing, stated “This is just part of the strategy for our business and we are already working on exciting ideas for the future. 2016 promises some exciting developments as we invest heavily in making Bluestone Leasing the partner of choice in asset finance.”.