meta_id 2995145

On 23 March 2026, the Financial Conduct Authority (FCA) cancelled Connect Car Finance Ltd's Part 4A permission to carry on regulated activities. The firm, authorised by the FCA on 30 August 2018 to conduct consumer credit activity, failed to satisfy the Suitability Threshold Condition under the Financial Services and Markets Act 2000 (FSMA). The FCA determined that Connect Car Finance Ltd was not a fit and proper person to conduct regulated activities, citing the firm's persistent failure to cooperate with the Authority. Specifically, the firm failed to: submit a Variation of Permission (VOP) application by agreed deadlines (initially 4 April 2025, extended to 2 May 2025); remove inaccurate Trustpilot ratings from its website (displaying 5* when the actual rating was 2.2*); respond to requests for information regarding its trading name; and comply with Principle 11 (Relations with Regulators) by dealing with the Authority in an open and cooperative manner. The FCA issued a Decision Notice on 11 February 2026, which the firm did not refer to the Upper Tribunal (Tax and Chancery Chamber) within 28 days. The firm had also been offering Hire Purchase and Personal Contract Purchase products without holding necessary permissions or regulatory approvals. The cancellation takes effect from 23 March 2026. The FCA's enforcement action advances its consumer protection and integrity objectives under sections 1C and 1D of FSMA. For further information, firms should contact Danielle Stuart at the FCA (0207 066 0185 / Danielle.stuart@fca.org.uk). **REFERENCE:** Financial Conduct Authority Final Notice to Connect Car Finance Ltd (23 March 2026)