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.
Here are some key messages from the initial tranche of Consumer Credit applications
Must view FCA Webcast outlines clear requirements
The rules cover fee charging and come into force on 2 January 2015.
The FCA has issued part 3 of its three-cycle RDR Thematic Review
Clarifying Sales Models’ Boundaries
Steve Bailey Compliance FCA
FG15_1 clarifies the different types of sales models, the boundaries between them and the associated regulatory requirements.