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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ATEB Compliance offers compliance and regulatory advice.
ATEB Suitability provides report writing software for the financial services market.
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.
The FCA’s latest business plan indicates where their focus will be. Read this to understand how some of these affect you.
Further to the Budget 2016 announcement and recent Mortgage Credit Directive implementation please note the following changes to ATEB suitability for your records. Effective from midnight 21st March 2016 – APR replaced with APRC for Mortgages; – APRC definition added to Mortgage Glossary of Terms. Effective from midnight 1st April 2016 – Update to Stamp Duty […]
We are pleased to announce the appointment of Alistair MacDougall as Technical Manager. Alistair brings a wealth of industry experience to ATEB, having worked in Financial Services since 1973. Previous roles include Head of Academy for Capita/Lloyds Bank and a variety of senior management roles for a national IFA. Alistair founded and ran a consultancy […]
Overview and comment on the FAMR.
Second mortgages and independence
Alistair MacDougall Compliance 2016, FCA, Mortgage
New rules came into effect on 21 March around advising on second charge loans. How do they affect independence?