Specialist packager Chaseblue has received full authorisation ahead of the implementation of the MCD in March 2016.
Managing director Ben Gillespie said: “This is the icing on the cake at the end of an excellent year for Chaseblue.
“It took a mammoth investment in time and energy constructing our application and was without doubt the most difficult loop we’ve ever had to jump through as a business, but we have done it and it feels great!
“We’ve been focussing our processes and systems towards the new rules for some time now, so the team are very much looking forward to driving the business forward under the new regime in 2016 and beyond.”
Chaseblue is a packager of second charge, bridging and commercial loans and employs 16 people at its HQ in Barry, South Wales. It has been a part of the Y3S Group since Dec 15.