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Is ClozeSure regulated?

ClozeSure is not a "contract of insurance" or a "financial guarantee", and accordingly it is not regulated by the FCA in the UK or the JSFC in Jersey.

ClozeSure grants the property seller a binding contract, in the form of an option, to require ClozeSure to purchase their property, if their buyer withdraws after exchange of contracts, so that they receive 100% of their agreed sale price (including the failed buyer's forfeited 10% deposit).  The seller may choose not to use this option if they feel they can achieve a better price from an alternative buyer, or no longer wish to sell their property.