Address
Redburn House
Redburn Road
Newcastle upon Tyne
Tyne and Wear
NE5 1NB
N E 5 1 N B
UNITED KINGDOM
Continental Finance (UK) Ltd
Current Status: No longer authorised
Reference Number: 304916
Website: Not Listed
Link to FCA: https://register.fca.org.uk/s/firm?id=001b000000MfTkIAAV
A firm with the status "No longer authorised" may have had its authorisation revoked for a variety of reasons, including voluntary cancellation, failure to meet regulatory requirements, non-compliance with rules and regulations, enforcement action, failure to pay fees, or inactivity. To get more information about a specific firm's authorisation status and reasons for any changes, it is important to check the FCA register or contact the FCA directly.
Potential causes of non-compliance can include inadequate systems and controls, poor governance, insufficient staff training, misleading or inaccurate disclosures, conflicts of interest, breaches of conduct rules, inadequate client protections, financial crime, data protection breaches, and inadequate capital or liquidity. Taking the necessary steps to prevent and detect non-compliance can help firms remain compliant with applicable rules and regulations.
The UK financial services industry has a history of financial mis-selling, with various high-profile cases involving different financial products and services. Examples include Payment Protection Insurance (PPI), Interest Rate Hedging Products (IRHP), endowment mortgages and pension mis-selling. To address this issue, the Financial Conduct Authority (FCA) has taken substantial measures, such as enforcement actions, compensation schemes and new regulations to improve disclosure and transparency. Despite these efforts, there is still a risk of mis-selling in the sector and ongoing vigilance is required from both regulators and industry players.
If you have been mis-sold a financial product or service in the UK, the process for seeking compensation typically involves the following steps: contacting the firm responsible, filing a complaint with the Financial Ombudsman Service (FOS), and in some cases making a claim with the Financial Services Compensation Scheme (FSCS). It is important to act quickly and consider seeking independent financial or legal advice. However, the exact process and eligibility criteria may vary depending on the product, service, or circumstances.