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Regulation

Is Assetz Exchange regulated?

Yes. Assetz Exchange Ltd is authorised and regulated by the Financial Conduct Authority (FCA) (FRN – 668931). Assetz Exchange is a peer-to-peer lender with permission to Operate an Electronic Platform in Relation to Lending. Please see the Financial Services Register for full details.

Are my investments covered by the Financial Services Compensation Scheme (FSCS)?

No. It is important for our lenders to be aware that, like all peer-to-peer lending platforms, we fall outside of the scope of the Financial Services Compensation Scheme (FSCS), though we are regulated by the FCA. This means that, should a peer-to-peer lending platform fail for any reason, those investing (lending) directly via the platform would have no recourse to the FSCS.

You can read more about the FSCS here.

All uninvested cash (including unsettled bids) is held within our Client Money account, which is held in trust on behalf of our clients by Royal Bank of Scotland PLC, under the FCA’s rules on Client Money. All money within our Client Money account is held separately from Assetz Exchange’s own funds and does not appear on our balance sheet.

Do I have recourse to Financial Ombudsman Service in the event of a dispute with Assetz Exchange?

Yes. As a regulated entity, Assetz Exchange falls within the scope of the Financial Ombudsman Service (FOS). This means that investors can take complaints to the FOS if they feel they have not been satisfactorily resolved with Assetz Exchange.