Initial Disclosure Document

About our insurance and finance services

The Financial Conduct Authority (FCA)

The FCA is the independent watchdog that regulates financial services. Use this information to decide if our services are right for you.

Whose products do we offer ?

  • We only offer products from a single insurer for;

Guaranteed Asset Protection

  • We can introduce you to a limited number of lenders for;

Hire Purchase, Personal Contract Purchase, Personal and Business Lease (Contract Hire).

  • Our panel of Lenders, who may be able to finance your purchase are;

Mallard Vehicle Finance, Windsor Vehicle Leasing & Premium Plan Ltd

We will only introduce you to these lenders. We do not offer independent financial advice. You are under no obligation to make use of any financial product arranged by OSV Limited from us. Other providers may offer similar products that may or may not meet your needs.

Financing Your Vehicle From Our Motor Dealer Partners.

If you elect to purchase from our Motor Dealer partners, their finance partner will check your details with credit reference and fraud prevention agencies, and these agencies will record the check. They will provide the agencies with your current and previous names, address and dates of birth of all parties, so if you are providing information about others, on a joint application, you must be sure that you have their agreement. The agencies will provide them with public information about you and any third party financially linked to you. Information such as county court judgements (CCJ’s) and bankruptcies, electoral register and fraud prevention information on you and your financial associates, current and previous names, addresses and dates of birth. If false or inaccurate information is provided and fraud is identified, details will be passed to fraud prevention agencies. Law enforcement agencies may access and use this information.

Which service will we provide you with ?

  • We will advise and make a recommendation for you after we have assessed your needs for;

Guaranteed Asset Protection

  • We will review suitable finance products for you after we have assessed your needs for;

Hire Purchase, Personal Contract Purchase, Personal and Business Lease (Contract Hire).

You are not obliged to agree with our recommendations or to make any purchase of a financial product. You may obtain free, independent financial and insurance advice from the Money Advice Service at www.moneyadviceservice.org.uk.

What will you have to pay us for this service ?

  • No fee for Guaranteed Asset Protection

You will receive a quotation which will tell you about any other fees relating to any particular insurance policy.

You will make no payment to us for introduction to finance providers, but we may receive a payment(s) or other benefit from the finance provider if you decide to enter into an agreement with them. You may ask us for details of such payments.

Who regulates us?

OSV Limited is an appointed representative of Automotive Compliance Limited who are authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltds FCA Register number is 497010.

Automotive Compliance Ltd’s permitted business is to act as Principal for a network of motor dealer Appointed Representative’s who sell and arrange non-investment insurance contracts, acting on behalf of the insurer. You can check this on the Financial Services Register by visiting the FCA’s website http://www.fsa.gov.uk/register/home.do or by contacting the FCA on 0800 1116766.

OSV Limited is an appointed representative of Automotive Compliance Limited which is authorised and regulated by the Financial Conduct Authority. Automotive Compliance Ltd’s FCA Reference number is 497010.

Automotive Compliance Ltd’s permitted business is to act as Principal for a network of motor dealer Appointed Representative’s who act as Credit Brokers for introduction to finance providers, acting on behalf of the lender. You can check this on the Consumer Credit Register by visiting the FCA’s website http://fca-consumer-creditinterim.force.com/CS_RegisterSearchPageNew or by contacting the FCA on 0800 111 6768.

What to do if you have a complaint

If you wish to register a complaint, please contact us;
Write to Automotive Compliance Ltd, The Factory, 44 Alfred Street, Gloucester, GL1 4DD.
Telephone 01452 671560

If you cannot settle your complaint with us, you may be entitled to refer it to the Financial Ombudsman Service.

Are we covered by the Financial Services Compensation Scheme (FSCS) ?

We are covered by the FSCS. You may be entitled to compensation from the scheme if we cannot meet our obligations. this depends on the type of business and the circumstances of the claim.

Insurance advising and arranging is covered for 90% of the claim, without any upper limit.

For compulsory classes of insurance, insurance advising and arranging is covered for 100% of the claim, without any upper limit.

Further information about the compensation scheme arrangements is available from the FSCS.

The Data Protection Act

OSV Limited is also governed by the Data Protection Act. This ensures any information you give to us is secure and confidential. This information may be passed to other groups or affiliated members including Mallard Vehicle Finance, Windsor Vehicle Leasing & Premium Plan Ltd . Without this information OSV Limited is unable to process your order or enquiry. Under the Data Protection act you may have this information restricted or removed by telling OSV Limited at a later date. If you provide information and later wish to have this data restricted or removed from OSV Limited records, please contact OSV Limited on 01903 538835

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