Important Information about Cabot Credit Management Group's authorisation with the FCA.

How is our Group authorised with the Financial Conduct Authority

Cabot Credit Management Group Limited (CCM), a company registered in England and Wales with Company no. 4934534, is authorised and regulated by the Financial Conduct Authority (FCA) with firm reference number 677910. As a result it has all the relevant regulatory and statutory permissions in order for its purchasing companies to acquire debt and to appoint representatives, operational companies to recover and/or administer debts on their behalf.

Purchasing companies are exempt from being authorised by the FCA as they only own the debt, engaging CCM Group to recover and/or administer the debts on their behalf.

The UK purchasing companies in the CCM Group are Cabot Financial (UK) Limited, Marlin Capital Europe Limited, MCE Portfolio Limited, MFS Portfolio Limited, Marlin Europe I Limited, Marlin Europe II Limited, ME III Limited, ME IV Limited, Marlin Europe V Limited, Marlin Europe VI Limited, Cabot Financial Portfolios Limited.

Operational companies are permitted to carry out debt recovery and/or administration activities as a result of the CCM Group being authorised to appoint them as representatives by the FCA.

The operational company, which is an appointed representative of the CCM Group, is Cabot Financial (Europe) Limited.

What is a Principal?

A principal is a firm authorised by the FCA and with the FCA’s permission can appoint representatives to undertake specific regulated activities on its behalf. The firm that is authorised is known as a ‘principal’ regulated firm and takes full responsibility for the activities of the appointed representative.

Cabot Credit Management Group Limited is a principal regulated firm and with the permission of the FCA, has appointed its operational company, Cabot Financial (Europe) Limited, as appointed representative to perform debt recovery and/or debt administration activities on its behalf.

What is an appointed representative?

An appointed representative is a firm or a person who are permitted to carry out certain regulated activities as a result of a company being authorised to appoint them as representatives by the FCA.

The firm that is authorised is known as a ‘principal’ regulated firm and takes full responsibility for the activities of the appointed representative.

Cabot Credit Management Group Limited is a principal regulated firm and with the permission of the FCA, has appointed its operational company, Cabot Financial (Europe) Limited, as appointed representative to perform debt recovery and/or debt administration activities on its behalf.

 

Notes to Editors

- CCM became authorised and regulated by the Financial Conduct Authority on 11 March 2016.

If you have reason to doubt the veracity of any communication from the Cabot Credit Management Group please contact cabotpr@cabotcm.com who will be able to confirm authenticity.

The Financial Conduct Authority, which is the UK's market conduct regulator which sets out to protect consumers, enhance the integrity of the UK financial services market as well as promoting effective market competition and operates a register of authorised firms, appointed representatives and approved individuals. Details of our registration with the Financial Conduct Authority can be found on the Public Register.