After listening to the views of small firms at roadshows throughout the country, the FCA has announced that it has reduced its proposed consumer credit application fees for small firms. This has been published in a supplement to their fees Consultation Paper. Click here to access the supplement.
The FCA noted the potential for significant negative impact on businesses. As a result, they are proposing that small firms will pay no more than £1,000 in application fees, and those in the less complex categories will pay less.
They have also delayed the deadline to receive responses to question 1 (the supplement) of the consultation paper CP 13_14 until 16th January 2014. The deadline for the other questions is still 6th January.
Anyone who has already responded to the fees Consultation Paper may wish to reconsider their feedback to question one and send a new response by 16th January 2014.
Consumer Duty – FCA Live and Local events
Richard Foster Compliance EBI, FCA, Mortgage, Register
The FCA have advised they will be hosting a series of Live and Local events across the United Kingdom on the Consumer Duty from 21 February 2023 to 15 June 2023. Aimed at small and medium sized firms, the events will focus on the Retail Investment and Mortgage sectors and compliance consultants are also […]