Discover the most frequently asked Factoring questions

What regulations apply to factoring companies?

The entire  factoring industry is closely regulated by a number of organisations to ensure consumers are protected, industry guidelines are followed and complaints are fairly and independently dealt with. The Financial Conduct Authority (FCA) is the autonomous body that regulates the UK financial services industry and they are responsible for setting standards and ensuring a fair deal for all. The FOS (Financial Ombudsman Service) is an independent organisation that can be contacted to settle any disputes. 

The trade association for factoring companies is the Asset Based Finance Association (ABFA) which represents almost all UK service providers. They have a wealth of information about their members (all of whom are bound to a code of fair conduct) which can be used when searching for the right factoring company. In addition, the HM Treasury oversees all economic matters in the UK and works with The Bank of England and the Prudential Regulation Authority (PRA) to manage monetary policy and monitor financial companies.

Fill in this form to compare up to 4 quotes:

Discover more Factoring questions :

Technology/Functionality – frequently asked questions :

For more information on Factoring go to our buying guide