Initial Disclosure Document
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.
If you would like us to disclose any potential commission we earn:
In-line with new legislation, if you would like BFC Motor Group to disclose any potential commission please make your request to our office address or by Post:
FAO Finance Team,
Berkshire Fiesta Centre Ltd
BFC Motor Group,
A4 Bath Road,
Alternatively, by emailing to email@example.com or by Telephone 01189712167
Berkshire Fiesta Cntre Ltd is authorised and regulated by the Financial Conduct Authority, our firm reference number for consumer credit is 667710 We are a credit broker and not a lender.
We are permitted to conduct Credit Brokering, Debt-Adjusting and Debt-Counselling in connection with the whole or partial settlement of credit agreements for vehicle finance and consumer hire agreements.
Company Registration Number: 03639967– Group VAT Number: 720678434 Registered Office: Berkshire Fiesta Centre Limited, A4 Bath Road, Reading, RG7 5HR
Berkshire Fiesta Centre Limited does not and will not charge any fees for providing any Consumer Credit services.
Some of our lenders may charge an administration fee to set up your agreement.
Berkshire Fiesta Centre Limited typically receive a commission or other benefits from finance providers should you decide to enter into an agreement with the finance provider we have introduced you too. Such commissions or benefits are variable depending on the finance provider, Type of contract and term of agreement and are not affected by rates of interest on the loan. Any renumeration amounts can be requested and disclosed prior to the conclusion of the transaction.
You can check this on the FCA Register by visiting the www.fca.org.uk or by contacting the FCA direct on 0300 500 8082
Calls may be recorded for training and monitoring purposes.
This policy is reviewed regularly and updated as required.
Last Review Date: 05/02/2021