Commission Disclosure for Regulated Clients
Financial Conduct Authority (FCA)
The Financial Conduct Authority (FCA) expects any intermediary to disclose to the customer that a commission may be payable by the owner or creditor to the intermediary, and, if the customer asks, the amount of that commission. The Financial Conduct Authority has made it clear that “commission” means any financial consideration.
We may receive a commission from the respective lender should you decide to enter into a finance agreement with them. This is reflected in the monthly rental payment for your vehicle. The amount of commission received may vary depending on the funder selected and the terms of the funding at the time. Some funders may also pay us an additional commission based on overall business volumes.
In-line with new legislation, if you would like Van Monkey Limited to disclose any potential commission, please make your request to our office address:
Van Monkey Limited
7 The Hayes,
Lye,
Stourbridge,
DY9 8NX
Alternatively, by emailing to carl@vanmonkey.co.uk
Van Monkey Limited are a credit broker of vehicle finance and not a lender or a funder.
Van Monkey Limited can introduce you to several finance providers, we may receive a remuneration or commission if you enter into an agreement with them.
Van Monkey Limited is authorised and regulated by the Financial Conduct Authority.
Financial Conduct Authority Register Number: 750082