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FSA Authorisation & Compliance Support
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With effect from 1st July 2009 all Sale & Rent Back (SARB) activities are captured by FSA statutory regulation. There are a very few highly technical exemptions, so please consult a qualified legal or compliance professional before assuming you do not need to be FSA authorised: you could face a heavy fine and even up to two years' imprisonment!
But becoming FSA Authorised could prove commercially highly attractive - whether as a SARB investor or as a SARB adviser or broker - and with a little expert help the application process is straightforward. RBCA encourages all ethical & professional landlords to take immediate action to prepare for FSA Authorisation: the FSA deadline for applications is 31st July.
To help RBCA members, we have teamed up with FSA compliance experts to offer members hands-on practical support and assistance throughout this process. First you attend a half-day workshop explaining everything involved (see Agenda below) then if you wish to proceed you get a half-day one-to-one consultancy that helps you complete your FSA Application and assesses your chances of success.
All for the modest fee of £500 for paid-up RBCA members (£1,500 all others) - please sign up below indicating which workshop you wish to join. If neither date works please email director@rentbackcharter.com and we may set up another workshop before mid-July, depending on demand.
Registration & Payment
a) One-to-One Consultancy - booked at workshop; must be completed by 24 July
b) FSA Fitness Health Check Workshop (please click on one only)
- Monday 29th June: Manchester
- Dukes 92, The Castlefield Rooms
(18-20 Castle Street, Manchester M3 4LZ)
- From 2pm to 6pm; refreshments provided
- Monday 13th July: Nottingham
- Novotel Hotel, M1 Jct 25
(Bostock Lane, Long Eaton NG10 4Ep)
- From 2pm to 6pm; refreshments provided
Please note:
- £350 will be deducted from paid-up RBCA members providing their Membership Number; in all other cases £900 will be deducted.
- For 3 or more participants registering on the same Membership Number, a 20% credit will be given towards consultancy support.
Our Team
The workshop leaders are:
Agenda
In the workshop you will learn:
- The outlook for the regulated SARB market: players, pricing, profits
- Are there any alternative strategies for my business?
- What goes into the FSA Application forms?
- What is a Regulatory Business Plan?
- What financial information will I have to provide?
- What is a "Fit & Proper Person"? do I qualify?
- What exactly is "Compliance"? how do I prove my business is compliant
- How do I avoid complaints to the Financial Ombudsman?
- What does FSA mean by "Treating Customers Fairly"?
- What is the difference between the FSA Interim Regime and the likely Full Regime?
The workshop will finish with a Panel Session: questions & answers.
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