FundingKnight is authorised and regulated by the Financial Conduct Authority (FCA) and registered with the Information Commissioner’s Office (ICO).
Crowdlending (P2P lending) only became a regulated activity on 1 April 2014, the same time that Consumer Credit regulation was transferred from the Office of Fair Trading to the FCA. In order to manage the transition, the FCA granted Interim Permission to all firms who had a Consumer Credit Licence at that date; it then allocated time slots when the firms could apply for full authorisation. FundingKnight is now in the process of applying for full authorisation.