FLA launches Broker Accreditation Service

The Finance & Leasing Association (FLA) has launched a new FLA Broker Accreditation (Asset Finance) Service to help brokers demonstrate compliance with their regulatory responsibilities and the FLA’s Business Finance Code, and to streamline the checking process that funders undertake when working with intermediaries. 

Accreditation will have to be renewed annually to confirm ongoing compliance and is supported with access to bespoke training and regulatory updates. Inclusion in the system also increases brokers’ visibility to lenders looking for partners. 

As the FLA Broker Accreditation Service is new to the industry, we want to ensure its continuing value in simplifying funder/broker arrangements, so an FLA Asset Finance Broker Review forum is being set up to discuss the service, shape improvements and future developments. 

Stephen Haddrill, Director General of the FLA: 

“Intermediaries are an important part of the industry, and the new Accreditation Service will help us work smarter with our partners for the benefit of our customers.”   

Notes to Editors 

1. Find more information on how brokers can register for accreditation
2. In 2023, members of the Finance & Leasing Association provided £151 billion of new finance to UK businesses, households and the public sector.  
3. Of this total, £63 billion was provided by non-bank lenders. £38 billion was provided in the form of asset finance to businesses - £23 billion of which went to SMEs to fund new equipment, plant and machinery, or purchased software. £113 billion was provided in the form of consumer credit, which includes £52 billion of motor finance.
4. For media enquiries, please contact the FLA press office on 020 7420 9656.