Ok, long story short, I am regularly asked if I provide a particular service at least 3 or 4 times a day. At the moment I don't, but I could and it would / could be very lucrative. From research and customer feedback nobody provides this particular service. I don't really want to mention the service, simply because it will end up on page one of Google which is not where I want it to be. Anyway over the last couple of weeks, I've had all the information on this particular service typed up and its is just about ready be uploaded to the site etc.
Then the person who does all my writing stuff mentioned that other service providers who offer a similar but completely different product / service are registered with the Financial Conduct Authority so I visit the site and I was a bit shocked to see that if you take deposits you either have to be registered or authorised by the FCA. I would say that the majority of businesses in the UK that take deposits are not registered, I take deposits and I'm not registered too risky not to. Anyway are we all trading illegally or am I reading this wrong?
