FSA warning: 'Register or risk a fine'

Tuesday, 14 December 2021 07:43

The Financial Services Authority (FSA) is reminding businesses they must be registered, or face a hefty fine.

A spokesman said businesses such as accountants, crypto companies and estate agents must be registered with the Authority.

Failing to do so could mean a fine of up to £5,000.

The FSA warning comes after a number of firms promoting or performing services they aren't registered to do.

The offence has resulted in action against five companies in two years, with penalties totalling £20,000.

Anyone starting a new business is encouraged to speak to the Financial Services Authority for the latest advice.

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