Keeping our Northern members in the loop about the latest changes to compliance regulations in the financial services industry

Following last week’s highly successful Regional Meeting in London, yesterday it was the turn of our Northern-based franchisees to be updated on how recent changes to the UK financial services compliance regulations could potentially affect them and their commercial finance broker businesses.  The meeting also provided us with the opportunity to explain how Synergy together with the AFSUK Group was dealing with these changes in order to ensure that all our members continue to remain fully FCA compliant.

Yesterday’s Regional Meeting was held at the splendid ETC Venues located right at the very heart of Manchester.  We were also privileged that the meeting was ably hosted by Roma Finance, whose speakers entertained and enlightened our members with an excellent presentation revealing how Roma Finance specialise in offering rapid solutions for short term bridging finance.  Usually, Roma speakers informed us, the company could complete the most competitive deals very often within the space of 48-hours.

The presentations by Synergy and AFSUK speakers were equally illuminating.  The meeting was informed that recent changes to financial services compliance regulations could, potentially, have a significant effect on our franchisees’ business opportunities.  The good news, however, was that as is expected, our Group company AFS Compliance Limited, had not only foreseen the potential impact that the changes in financial services compliance regulations could have, but they had already implemented significant changes and had updated systems, support and advice to ensure that every franchisee would not have to worry about meeting their regulatory responsibilities.

The other big news to emerge from the meeting was that Synergy was introducing what could only be described as enhanced Asset Finance propositions.  These new business options, along with newly unveiled business development strategies, were intended to provide further support for our network members not only in their day-to-day business activities but also to provide new and additional assistance to help them extend their own business opportunities.

Following the formal presentations, it was then time for all the delegates to relax, mingle and network with their fellow Synergy franchisees.  Old acquaintances were renewed. New relationships were formed between members who had never met before. Many of these alliances, founded at informal get-togethers such as this, can prove to be invaluable for future business dealings when brokers pool their specialist knowledge to help one another.

If you would like to know more about our commercial finance franchise opportunities or to discuss the impact of change to the financial services compliance regulations, please do not hesitate to contact us.  You can call us on 01904 481 786. You can also email: enquiries@synergy.finance or you can send a message using the online form on our Contact page.

Contacts
AFS Group, Asset Finance Solutions & AFS Compliance
  • Greenbank Court, Challenge Way, Greenbank Business Park, Blackburn, BB1 5QB
  • Tel: 01254 958777
Synergy Commercial Finance
  • Lindum Business Park, York Road, Elvington, York YO41 4XR
  • Tel: 01904 481786