Financial Regulating Bodies

FISA - Finance Industry Standards Association

The FISA was launched in 1988 and is responsible for maintaining standards and informing the public about the financial industry. The Original concern was towards regulating the financial advertising of secured loans, now they are able to accredit brokers with FISA membership, meaning that we as a broker have to conform to a code of practice and you are fully aware of what you are signing up too.

In general most brokers and lenders in the UK are accredited to FISA and they co-ordinate with the Trading Standards and Office of Fair Trading about infringements by traders. We are accredited to both the FISA and Office of Fair Trading - CCl No.551076

FSA - Financial Services Authority

The FSA (Financial Services Authority) is an independent non-governmental body, given statutory powers by the Financial Services and Markets Act 2000. The FSA are an independent body that regulates the UK financial service industry and have been given a wide range of rule-making investigatory and enforcement powers in order to meet the following objectives -

• market confidence: maintaining confidence in the financial system;
• public awareness: promoting public understanding of the financial system;
• consumer protection: securing the appropriate degree of protection for consumers; and
• the reduction of financial crime: reducing the extent to which it is possible for a business to be used for a purpose connected with financial crime.

eloans.co.uk as a trading style of Twopart Ltd is authorised and regulated by the Financial Services Authority. FSA authorisation can be checked on the FSA’s Register at: www.fsa.gov.uk/register - search for Twopart Ltd or 312106.