As an IAR, you will be able to introduce your customers to Deko’s technology or to NewDay for their credit needs. You will not need to apply to the FCA for authorisation to perform this activity if you are an IAR.
Being an IAR for Deko means that Deko is your “Principal Firm” and is accountable for all regulated activity performed by you and for the outcomes you achieve for customers. Therefore, if you do not comply with Deko’s requirements, which are based on the FCA’s rules and regulations, Deko will be responsible and could be fined and publicly censured by the FCA.
This is why it is critical that you are aware of the requirements that Deko needs you to meet, and that you are ready and organised to meet those requirements.
Deko has prepared some handy information to help you understand the requirements for your website, sales processes, advertising and reporting. Our Business Development Team and our Account Managers are on hand to provide further support if you need it.