Is Zopa regulated?
Zopa has received credit licenses from the Office of Fair Trading (No. 563134). Zopa is a member of CIFAS – the UK’s leading anti-fraud association, and we are registered with the Office of the Information Commissioner (No. Z879078). Currently we are not regulated by the FSA as none of our activity warrants regulation. Zopa’s business as a lending and borrowing exchange is quite new and does not fall under any of the existing regulatory categories, and as a result the FSA would need an act of parliament to create a new one. We were closely monitored by the FSA whilst we performed activity that required regulation (the selling of insurance). The company registration number of Zopa Ltd. is 05197592, and its registered office is 2nd Floor, Julia House, 40 – 44 Newman Street, London W1T 1QD.
