What is the FCA?
The Financial Conduct Authority (FCA) states that any firm or individual who carries out a regulated activity in the UK must be authorised or registered by the FCA, unless they are exempt.
Financial markets need to be fair and effective, so that consumers get a fair deal. The FCA aims to make markets work well – for individuals, for businesses, large and small, and for the economy as a whole.
The FCA is the conduct regulator for 56,000 financial services firms and financial markets within the UK.
Aspray have been directly authorised by the FCA since 2005. Being directly authorised has allowed Aspray to request and gain permission to hold clients’ money (2014).
If you would like further details about the FCA, please visit https://www.fca.org.uk/
The British Franchise Association (BFA) are an association designed to offer services and advise, the existing or potential franchisee.
The BFA offer a higher level of accreditation to franchisors. Those wishing to be accredited must be tested against its strict criteria.
If a franchisor successfully passes the accreditation, they are then able to join the BFA as a full member and become represented by the British Franchise Association.
Once a franchisor has the BFA accreditation, they are able to work towards different BFA memberships. Aspray have achieved full membership accreditation of the British Franchise Association (BFA).
You can find further details on the different memberships at www.thebfa.org/.