rebuildingsociety.com has been awarded full authorisation from the Financial Conduct Authority in recognition of our compliance with sector-specific regulations.
We are very excited to share news of this major achievement and important milestone with our community. Authorisation means that we meet the rigorous standards set by the FCA and that we can soon start to offer the Innovative Finance ISA.
Although we have been operating under FCA rules on Interim Permission since April 2014, being granted full authorisation helps us to continue building on the important relationships of trust we have with all our clients. We are proud to have achieved this milestone ahead of many other platforms, which we believe is testament to our small but dynamic team, systems, processes and controls.
It has been a long journey, consuming considerable energy and investment, since we applied for full authorisation in November 2014. We have continued to grow as a business and improve on our core processes throughout. The regulatory landscape is continuously changing, and we will make sure we stay abreast of developments that arise from our post-implementation review.
We are committed to delivering a top-quality service to all our customers, to assist investors by providing multiple investment options and to assist our borrowers in finding business finance that is more than just a financial transaction. We are now taking pre-registrations for the IF ISA and will confirm once we can on-board new accounts. Please look out for further updates; we know that many of you are keen to benefit from frequent, compounded returns.
“Thank you to everyone who has helped us in this journey. At a time when monetary policy discourages investing for the future, we’re pleased to see more people taking control of their finances. A more congruent alignment of risk and reward is facilitated by transparent platforms like ours. For too long the traditional Financial Services industry has obscured who takes the risk and who takes the reward. So many new investors are surprised to learn about how much margin is taken between the demand and supply of capital, but after a few years of trialling our service, our most prolific investors continue to be our most supporting ambassadors.”
Daniel Rajkumar, Managing Director
Following our full authorisation, we hope to be able to offer the Innovative Finance ISA (IFISA) in the very near future.
If you are interested in the IFISA please register your interest now.