Companies completing interim registration with the Financial Conduct Authority (FCA) by 30 November 2013 will receive a 30% discount on the fee for doing so.

For most companies this will mean a fee of £245, rather than £350, for registering for interim permission.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Registration for interim permission to legally continue to provide consumer credit under the regulation of the FCA opened on Sunday 1 September. Regulation will pass from the Office of Fair Trading to the FCA as of 1 April 2014.

The FCA has also published a step-by-step guide to interim permission registration, available here.

Advantage taken

Karen Wagstaffe, training and compliance director at Finance Cover & Training, said she is advising clients to "take advantage of the 30% discount and get yourself registered early."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Wagstaffe said those undertaking registration should expect the process to take no longer than 20 minutes if they have to hand the requisite information regarding company finances and operations.

Paul Guy, managing director of Automotive Compliance, reported dealers were "unhappy about the cost of applying for interim permission" but that many "are in the process of taking advantage of this discount".

Are you applying for interim permission with the FCA? What has your company done to prepare for the change of regulator? Send us your comments at the e-mail address below.

richard.brown@timetric.com