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Regulatory Disclosures

Last updated: December 8, 2025

1. Current Regulatory Status

1.1 Pre-Authorization Status

Great Dyke Fintech ("GDF") is not currently authorized by the Financial Conduct Authority (FCA) or any other financial services regulator to provide:

• Banking services
• Payment services
• E-money services
• Credit products
• Remittance or money transmission services
• Deposit-taking activities

1.2 Development Phase

GDF is in the pre-launch development phase. This website serves as a marketing and information platform to gather interest from potential users and build a waiting list for future services.

1.3 Authorization Process

We are working toward obtaining the necessary regulatory authorizations, which may include:

• Electronic Money Institution (EMI) License from the FCA
• Payment Institution (PI) License from the FCA
• Banking License through partnership or full authorization
• Consumer Credit License for credit-building products

2. No Financial Services Currently Offered

2.1 Waiting List Only

At this time, GDF only offers a waiting list registration service. Joining the waiting list:

• Does not constitute an application for financial services
• Does not create any contractual obligation
• Does not guarantee future account opening or service availability
• Does not involve the acceptance of deposits or funds
• Has no impact on your credit score or financial record

2.2 No Deposits Accepted

Important: GDF does not currently accept deposits, payments, or any form of funds. Any communication requesting money should be reported immediately to security@gd-fin.tech.

3. Future Services and Regulatory Framework

3.1 Planned Services

Once properly authorized, GDF intends to offer:

• Digital Banking: Current accounts, multi-currency wallets, and debit cards
• Remittance Services: Cross-border money transfers to priority corridors
• Credit Products: Credit-builder accounts and alternative credit scoring
• Savings Products: Interest-bearing accounts and savings tools
• Financial Education: Tools and resources for financial literacy

3.2 Regulatory Compliance

When operational, GDF will comply with all applicable UK financial services regulations, including:

• Financial Services and Markets Act 2000 (FSMA)
• Payment Services Regulations 2017 (PSRs)
• Electronic Money Regulations 2011 (EMRs)
• Consumer Credit Act 1974
• Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017
• UK General Data Protection Regulation (UK GDPR)

4. Consumer Protections

4.1 Future Protections

Once authorized and operational, GDF will provide relevant consumer protections, which may include:

• Financial Services Compensation Scheme (FSCS): Deposit protection up to £85,000 per eligible person, per institution (if applicable)
• Financial Ombudsman Service: Free, independent dispute resolution
• FCA Regulation: Oversight and conduct standards from the Financial Conduct Authority
• Client Money Safeguarding: Segregation of customer funds

4.2 Not Currently Protected

At this pre-launch stage, because no financial services are offered, the following protections do not apply:

• FSCS deposit protection
• Financial Ombudsman Service jurisdiction
• FCA conduct of business rules

5. Anti-Money Laundering and Know Your Customer

5.1 Commitment to Compliance

When GDF launches, we will implement robust Anti-Money Laundering (AML) and Know Your Customer (KYC) procedures in compliance with:

• Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017
• Proceeds of Crime Act 2002
• Terrorism Act 2000

5.2 Customer Due Diligence

Future account opening will require:

• Verification of identity
• Verification of address (with flexible options for migrants)
• Source of funds checks where applicable
• Ongoing transaction monitoring

6. Data Protection and Privacy

GDF is committed to protecting your personal data in compliance with UK GDPR and the Data Protection Act 2018. For detailed information, see our Privacy Policy.

6.1 Data Security

When operational, GDF will implement:

• Encryption of data in transit and at rest
• Secure authentication and access controls
• Regular security audits and penetration testing
• Staff training on data protection
• Incident response and breach notification procedures

7. Geographic Restrictions

7.1 Initial Launch Markets

GDF services will initially be available to residents of the United Kingdom, subject to regulatory approval and eligibility criteria.

7.2 International Expansion

We plan to expand to additional markets, including:

• European Union member states
• United States
• Canada
• Selected African countries

Expansion will depend on obtaining necessary licenses and regulatory approvals in each jurisdiction.

7.3 Restricted Jurisdictions

GDF services will not be available in jurisdictions where offering such services would violate local laws or regulations, or where GDF is not licensed to operate.

8. Risk Warnings

8.1 General Risks

When using financial services, please be aware of:

• Exchange Rate Risk: Currency exchange rates fluctuate and may affect the value of cross-border transactions
• Credit Risk: Credit products involve borrowing obligations and potential impact on credit scores
• Operational Risk: Technology failures, cyber incidents, or service disruptions may occur

8.2 No Guarantees

GDF cannot guarantee:

• Approval for accounts or credit products
• Specific exchange rates or transaction fees
• Availability of services in all markets
• Uninterrupted access to services

9. Complaints and Disputes

9.1 Current Status

As we are not yet providing financial services, formal complaint procedures do not apply. For questions or concerns about this website or waiting list, contact:

Email: hello@gd-fin.tech

9.2 Future Complaints Process

Once operational and authorized, GDF will:

• Maintain FCA-compliant complaint handling procedures
• Respond to complaints within required timeframes
• Provide access to the Financial Ombudsman Service for unresolved disputes
• Report complaint data to the FCA as required

10. Fraud Prevention and Security

10.1 Protecting Yourself

Be aware of common scams:

• Phishing: GDF will never ask for passwords, PINs, or full card details via email
• Impersonation: Verify any communication claiming to be from GDF
• Advance Fee Fraud: We will never request upfront payments for services

10.2 Report Suspicious Activity

If you suspect fraud or receive suspicious communications claiming to be from GDF, report immediately to:

GDF Security Team: security@gd-fin.tech
Action Fraud (UK): 0300 123 2040 or actionfraud.police.uk

11. Tax Information

When GDF services become available, you will be responsible for understanding and complying with tax obligations in your jurisdiction, including:

• Income tax on interest earned
• Reporting requirements for foreign accounts (if applicable)
• Capital gains tax (where applicable)

GDF is not a tax advisor. Consult a qualified tax professional for personalized advice.

12. Updates to Regulatory Status

We will update this page when:

• We receive regulatory authorization
• Our regulatory status changes
• New services become available
• Material changes affect consumer protections

Users on our waiting list will be notified of significant regulatory developments via email.

13. Contact Regulatory Authorities

For information about financial services regulation in the UK, contact:

Financial Conduct Authority (FCA)
Website: fca.org.uk
Consumer Helpline: 0800 111 6768
Email: consumer.queries@fca.org.uk

14. Contact GDF

For questions about our regulatory status or future services:

Great Dyke Fintech
General Inquiries: hello@gd-fin.tech
Compliance Questions: compliance@gd-fin.tech
Security Concerns: security@gd-fin.tech