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Get to know THE CHRISTMAS PREPAYMENT ASSOCIATION LIMITED

The Christmas Prepayment Association Limited (CPA) is a trade association representing the Christmas savings sector in the United Kingdom. Its primary mission is to protect the money saved by consumers in Christmas prepayment schemes offered by its members. The CPA operates a Code of Practice that all members must adhere to, which includes requirements for safeguarding customer prepayments in independent trust accounts, separate from the company's own funds. This ensures that in the event of a member company failing, customers' savings are secure and can be returned. The association works to build consumer confidence and provide a safe framework for the industry.

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THE CHRISTMAS PREPAYMENT ASSOCIATION LIMITED

United Kingdom

Founded in

2007 (19 Years)

Founded

Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.