This is a trade facing website. Visit the ACTís consumer site thecyclingexperts.co.uk for information and advice on cycling and find your local independent cycle retailer.
The Association of Cycle Traders
This is a trade facing website.
Visit the ACTís consumer site at thecyclingexperts.co.uk.

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Results: 1-10 of 1785


14 Oct 2019

The FCA have announced that on the 9th December 2019 the Approved Persons Regime will be replaced with the Senior Managers and Certification Regime.

10 Oct 2019

After hundreds of entrants, thousands of consumer votes and a panel of industry experts, the top 25 Best Small Shops in the UK are finally being announced!

9 Oct 2019

Mastercard have announced that from October 2019, Mastercard (and GlobalPayments) systems can support sending an authorisation request containing both the digital wallet and 3D Secure (3DS)...

8 Oct 2019

CyclingIndustry.News is seeking to compile a health report of the UK bike retail channel for the third year running.

7 Oct 2019

Why barbers, beauty salons, vape stores, cafes and tearooms, along with restaurants and bars have been so succesful over the last 3 years

4 Oct 2019

Cifas UK, the UK's largest fraud prevention organisation has informed us about a fraud trend that could impact your business.

2 Oct 2019

Social media continues to grow in popularity and now plays an essential role within the marketing of many businesses.

1 Oct 2019

The online tool encouraging sustainable travel in the workplace

26 Sep 2019

Whistler Adventure School is pleased to announce the enhancement of our bicycle mechanic course to incorporate the internationally recognised Cytech certification, offered through Specialized...

26 Sep 2019

Westhill Electric Bikes are recruiting new stockists for their fantastic range of fully integrated E-bikes.

Retail finance: Change to FCA authorisation

Posted on in Business News , Cycles News

The following change to FCA authorisation only applies to businesses that have FCA Authorisation for Limited Permission Secondary Credit Brokering, meaning businesses that can offer regulated POS retail finance. If your business holds additional authorisations or is dual regulated, in other words it is also regulated by the Prudential Regulation Authority (PRA), you should seek independent advice.


The FCA have announced that on the 9th December 2019 the Approved Persons Regime (APR) will be replaced with the Senior Managers and Certification Regime (SM&CR). If your business holds an FCA authorisation you will be receiving emails from the FCA about this which you should read and check all the details are still correct; in particular that the current Approved Person still works for the business.


The good news is a business with a limited scope authorisation will automatically have their APR function converted to the corresponding Senior Management Functions and no form is required.


To check your firm has a limited scope function search the FCA register for your business (use either your business name or firm registration number (FRN)) and expand the ‘Permissions' section which should show the following.



If you are in any doubt you should contact the FCA directly on 0300 500 0597. If you don't currently have FCA authorisation contact the ActSmart team to discuss.

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