The Partner Academy
  • 💡Updates Board
  • 🛠️Getting Set Up With Knoma
    • Becoming a Knoma Partner
    • Knoma Onboarding
      • 'Pay with Knoma' for your site.
      • Guidance for Marketers & Designers
      • Examples: Knoma on Websites
      • Guidance for Developers: Installing the Button [Deprecated]
    • Using The Partner Portal
      • Partner Portal Dashboard
      • Adding New Courses & Course Variants
      • Email Marketing with Knoma
      • Opting in for email notifications
      • Student Deposits
      • Setting up your Team
    • Setting up International Payments
    • Announcing our Partnership
  • 💽Knoma's Resource Bank
    • Who are Knoma?
    • How does it work?
    • What's the application process?
    • What is Open Banking?
    • How can we advertise on Knoma's site?
    • Guides for Admissions & Sales
      • Using the Eligibility Checker
      • Handling Enquiries About Knoma
      • Knoma & Student Loan Agreement
      • Explainer Videos
      • Flyer for Learners
    • Guides for Marketers
      • Marketing Guide and Resources
      • Examples: Knoma on Websites
      • Collaborate on Content
      • Including Knoma at open evenings and webinars
  • ☎️Feedback & Contact
    • Reach Out
    • Provide Feedback
    • Report a Bug
    • Collaborate on Content
  • 🔐Knoma's Regulated Finance Product
    • Becoming an IAR of Knoma
    • What it means to be an IAR & Training
    • IAR Summary
    • Financial Promotions
    • Complaints Handling
    • Financial Ombudsman
    • Authorised firms (Credit brokers)
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  1. Knoma's Regulated Finance Product

What it means to be an IAR & Training

This section will outline what it means to be an IAR & how to ensure you are staying compliant with FCA guidelines

PreviousBecoming an IAR of KnomaNextIAR Summary

Last updated 1 year ago

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As an IAR of Knoma, you will also need to ensure you keep accurate records of the business transacted under the IAR Agreement via the regulated product. This includes storing all documents, information & data. Such records can include but are not limited to:

  • Volume of customers introduced by the IAR

  • Quantum of lending introduced by the IAR

  • Whether the lending is regulated or non-regulated and the volume by customer and amount of each

  • Number and nature of customer complaints

  • Course completion & pass rates

  • Course outcomes (job placements etc..)

  • NPS scores

Of course much of the information above can be found in Knoma's partner portal.

IARs will need to agree to give Knoma full access to any records relating to the Regulated Activities the IAR carries on under this Agreement.

Knoma will need to audit information on the above bi-annually and the due diligence questionnaire will also need to be completed on an annual basis.

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