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.
The FCA conducted a multi-firm review to assess whether manufacturers of general insurance and pure protection products are undertaking the necessary work to comply with PROD 4 of the FCA Handbook. The FCA will email a letter to all firms with general insurance permissions, and those that manufacture or distribute pure protection products by […]
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The FCA recently published its Business Plan for 2022/23. The plan explains the programme of work for this year to achieve the three-year strategy also published recently. The plan states that the FCA has grouped its commitments into three areas: reducing and preventing serious harm – our focus is on protecting consumers from the harm that […]
Financial Sanctions Checks
Shirley McKenzie Compliance Conduct, FCA, PI
In response to Russia’s invasion of Ukraine, the FCA published information about the tranche of sanctions announced in relation to Russia and Belarus and the HM Treasury’s Office of Financial Sanctions Implementation (OFSI) has been regularly updating its publications to provide new information as it becomes available. Financial sanctions – a firm’s obligations The FCA […]