Compliance

FCA Authorises Online Bond Auctioning Platform

Josh O'Neill, Reporter, 10 November 2016

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UK Bond Network links investors, wealth managers, and high net worth individuals through its online bond auctioning platform.

The Financial Conduct Authority has given UK Bond Network, an online peer-to-peer bond auctioning platform, its seal of approval to provide regulated services and products.

According to its website, UK Bond Network is a platform that links institutional investors, wealth managers, and high net worth individuals with carefully-assessed UK business borrowers through an online bond auction format. 

Previously, the firm worked under a “regulatory umbrella” by offering services under an appointed representative arrangement, meaning it operated under an FCA-approved firm or individual.

UK Bond Network is among a small number of organisations that are fully-authorised to operate alternative finance platforms by the UK's financial watchdog, the firm said in a statement.

"Proper standards are at the heart of our offering, so gaining FCA authorisation fulfils a key element of our growth strategy,” said Christopher Maule, UK Bond Network's chief executive and founder, adding: “We believe this approval will strengthen even further the confidence that our investors and corporate clients have in our platform, services and people.”

The FCA could not offer any further details on the matter when contacted by WealthBreifing.

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