FLA Broker Service

FLA Broker Service (Asset Finance)

By achieving the FLA Service Broker (Asset Finance) status, asset finance brokers demonstrate the excellence that they provide to customers and funders.

This crucial badge lets customers know that the broker met its regulatory obligations at the time of service.

Key Benefits

• Demonstrating excellence
• Reducing multiple funder regulatory reviews
• Contributing to the development of the service
• Access to leading FLA funders
• Bespoke broker regulatory training
• FLA regulatory updates

The service is based on Financial Conduct Authority principles and the FLA’s Business Finance Code.

To become a FLA Service Broker (Asset finance), the broker will be assessed by the FLA’s Funder Analysis Service provided by X VAS, a specialist asset and inspection provider. 

The service lasts one year and then requires renewal annually.

Fees:

Asset Finance Brokers will be charged £995 plus VAT for the service.

If they commit to using the service for three years, they will be charged £849 plus VAT per year.

Brokers who sign up in the first three months of launch will receive a discount and be charged £749.

Asset Finance Brokers can also become associate members of the FLA, separate to using this service.

Please note, if Appointed Representatives wish to use the Broker Service Status, they will have to do separately to the Principal firm that appoints them. The cost to an Appointed Representative will be £249.

Please click HERE to register your interest.

 

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