FCA informed Albani Limited (Albani) that it does not require regulatory approval.
20.02.2025: Albani applied to the FCA to cancel its authorisation.
See: FCA Register Reference No. 457682.
Albani’s permissions were Mortgages & home finance:
Arranging (bringing about) regulated mortgage contracts.
Making arrangements with a view to regulated mortgage contracts.
Agreeing to carry on a regulated activity.
Albani only used one permission “Agreeing to carry on a regulated activity” to market that activity (VAL FREE®) to regulated mortgage advisors (brokers):
The FCA Handbook defines the definition (and exclusions) of regulated activities: See PERG 4.5
The exclusions related to Albani activities (1).
CHAIN FREE® and CHAIN MENDER® are not regulated mortgage contracts: See PERG 4.4 (2)
The Home Owners Plan™ is not a contract of insurance: See: FCA 2004/58 (2)
27.02.2025: the FCA confirmed Albani is no longer authorised:
Albani is obliged by the FCA to adhere, post authorisation, to FCA regulations surrounding financial promotions, referral practices, and commission disclosure (2)
(1) not regulated activities
(2) See: Company Information