Assetz SME Capital Limited has received authorisation from the Financial Conduct Authority, the latest peer-to-peer platform to have done so.

The P2P press has reported that the firm will soon reveal plans for its highly anticipated IFISA as the next step in its mission to "deliver secured P2P loans to all."

This firm is not registered under the Money Laundering Regulations. "Financial Services and Markets Act firms" with "Part 4A permission" do not have to register with the FCA as it already supervises their anti-money-laundering systems and controls, in accordance with both the Money Laundering Regulations and the FCA's rulebook.

It intends to provide investments inside a tax-free wrapper, thereby bringing some respite to the income-starved investor. The authorisation took place on the first of the month, according to the FCA's financial services register. Assetz Wealth (aka Assetz Finance Ltd) was authorised in March next year.