There is a FCA roadshow webinar featuring a question and answer session on its consultation paper, CP15/6: Consumer credit – proposed changes to our rules and guidance.
This is a one hour session with the main topic areas including credit broking, web domain names, guarantor lending and peer to peer lending.
For general information, or if you are active in any of the above areas, you can sign up to listen to the webcast here.
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It is more than a year since the FCA took over consumer credit authorisation and it is clear they are open-minded about their future approach to supervision, be it either the current principle based or a more prescriptive approach.
New disclosure rules that were intended to take effect from January 2017 have been put back one year.
Does your firm have sufficiently robust systems and controls, policies and procedures and governance in place to mitigate financial crime?
Are you completing your RMAR correctly?
If you have clients with overseas income or assets you might need to notify them of HMRC requirements.
P2P permissions – action required by 31 December 2016
Alistair MacDougall Compliance 2016
If you do not advise on P2P agreements, you need to consider whether you should remove this permission.