Finance Commission Disclosure Statement

What are we required to disclose and why?

The Financial Conduct Authority requires us to ensure that you are aware of the existence of commission before you enter into an agreement. This is because

• Commission could act as an undue incentive when recommending a particular product to you
• Commission could affect our impartiality and potentially give rise to a conflict of interest when offering suitable products to you
• Knowing that we receive commission could have a material impact on your decision

The amount of commission we will receieve may be either a fixed fee, or a percentage of the amount of the loan.

Who can request us to disclose our commission?

The Financial Conduct Authority requires us to ensure that retail customers are aware of the existence of commission before they enter into a credit agreement. If you are a consumer, sole trader or small partnership and use our services to enter into an agreement which is regulated by the Consumer Credit Act, you have a legal right to ask us to disclose the amount of commission that we will receive. All customers have the right to ask us the amount of commission that we will receive for regulated insurance products.

When can you request this?

You can ask us to disclose the amount of commission that we will at any time from our initial discussions through to the point when your agreement is set live.

Tel: 01904 625404
Email: sales@yorksuzuki.com