Everyone at Eurodrive Motor Finance had cause for a modest celebration this week having received confirmation of Full Permission from the FCA. Eurodrive has been a regular commentator over the last 12 months on many issues relating to FCA regulatory changes and will take great satisfaction from being one of the first motor finance brokers to obtain full authorisation.
MD Stephen Dixon said, ‘We have come through a period of great uncertainty within the motor finance sector and whilst we still have some challenges ahead in managing our obligations under FCA regulations, we are delighted to have successfully navigated our business through this important phase. We have also provided help and guidance to many dealers in recent months and hopefully this news will give them the reassurance they need to confidently follow our lead.’
This announcement is yet another ‘first’ for Eurodrive coming on the back of Cube Credit, their lending subsidiary, being the first lender to be granted full permission in October 2014.