Per Financial Conduct Authority ("FCA") rules that came into force 1 February, we have released an updated sign up process for investors.
The FCA Policy Statement PS22/10 is intended to help ensure that investors understand any investments that they might make on platforms such as P2P platforms.
In addition to the investor category and appropriateness test requirements that have been in place on LandlordInvest since 2019, investors must now also wait for a "cooling off period" of 24 hours from their initial sign up before being able to view the loan marketplace.
Along with the new requirements we've added to and improved the on-screen messaging that lets investors know where they are in the process of activating their account.
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LandlordInvest Limited is authorised and regulated by the Financial Conduct Authority (FCA) (FRN 660926). LandlordInvest Limited is not covered by the Financial Services Compensation Scheme (FSCS).
Loans provided to borrowers through LandlordInvest are provided solely for business purposes. Loans are therefore not regulated by the Financial Services and Markets Act 2000 or the Consumer Credit Act 1974. You should seek independent legal advice if you are in any doubt as to the consequences of the loan not being a regulated agreement under those Acts.
LandlordInvest Limited (Company No. 09245725), registered office 5 Chancery Lane, London, WC2A 1LG