Accreditation Policy
Accreditation Process:
- Complete online accreditation form
- Riyadh Financial Services will create an individual broker code per broker / referrer and will forward details via email. This broker code must be used when submitting any loan applications.
- If current accreditation is held for residential or commercial loans, any additional accreditation (if under the same Aggregator) will be added to the broker’s existing broker code.
- Upon receipt of broker code, or confirmation of updated accreditation, the broker may begin submitting loans to Riyadh Financial Services.
Note: Riyadh FS reserves the right to grant, refuse or revoke accreditation at its sole discretion. Accreditation is subject to periodic review and update. This may be as a result of (but not limited to), legislative changes, product reviews, compliance requirements or loan writers no longer representing the group whom accreditation was achieved.
Privacy Statement/Disclosure
What this statement is about
Your right to privacy is important to us. This statement explains your privacy rights and our rights and obligations in relation to your personal information.
The Privacy Act 1988 regulates the way Organisations (“we”) use personal information provided about you. Please read the following carefully as it sets out how we may use information about you.
You need not give us any of the personal information requested in the Application for Accreditation form or any other document or communication relating to the application. However, without this information, we may not be able to enter into an Originator Manager Agreement with you.
You may seek access at any time to personal information held by us about you and ask us to correct it if you believe it is incorrect or out of date.
How we may use your personal information
We use your personal information to:
- assess whether to accept your Originator Application for Accreditation form,
- administer and manage our relationship with you,
- facilitate our internal business operations, including fulfilment of any legal requirements and confidential systems maintenance and testing,
- and inform you in your business capacity of products and services provided by us which we consider may be of value or interest to your clients unless you tell us not to.
Our right to disclose your personal information
We may disclose your personal information if it is necessary to do so in the following circumstances:
- to any regulatory body,
- to any credit reporting agency to obtain a commercial and/ or consumer credit report, trade reference or other commercial and/or consumer information about you to accept your Originator Application for Accreditation form,
- to our external service providers that provide services for the purposes only of our business, on a confidential basis, for example advisers and mailing houses,
- to any persons acting on your behalf, including your solicitor or accountant, unless you tell us not to,
- to any party acquiring an interest in any business, and
- if you request us to do so or if you consent or where the law requires or permits us to do so.
Your authority to us
By signing this Originator Application for Accreditation form you authorise us to collect, maintain, use and disclose your personal information in the manner set out in this privacy statement.