BrightHouse has confirmed that the FCA has indicated that it is minded to authorise our business subject to conditions being met by 15 May 2018 – primarily regarding refinancing our corporate bond.
We are pleased to have successfully reached this important milestone and that the FCA is minded to authorise our business. The refinancing of our corporate bond is due by May 2018, and we are confident this will happen before then.
BrightHouse has worked closely with the FCA during their rigorous and thorough examination of our business. We have worked to address their concerns and we are pleased that, save for satisfying the conditions set out above, BrightHouse meets the standard for authorisation.
We look forward to continue serving our customers across the UK.