LEASING broker audits carried out by the BVRLA will include assessment of Financial Conduct Authority (FCA) permissions.
The BVRLA says its audit programme will consider whether brokers are involved in any introductory activity for products or services outside of their own business offers. And whether brokers have sufficient permissions.
For example, a common activity for brokers to be involved in an introduction to GAP insurance. Should brokers be involved in this sort of introductory activity, the BVRLA says brokers should contact the FCA to determine whether any additional permissions are needed.
Further information can be gained from the BVRLA resource library or FCA website.
