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.
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The FCA has published policy statement PS21/6 – Implementation of Investment Firms Prudential Regime (IFPRU). The policy statement alone fills 123 pages with an additional 237 pages of near final rules and form templates. By any measure this is a hefty document, and it is absolutely stuffed with jargon and snappy yet baffling […]
We completed the latest upgrade to ATEB Suitability on 9th July 2021. This update comes at no additional cost and provides various template & content management enhancements as well as performance improvements when recommending/reviewing multiple investment/retirement plans. Full details of the enhancements can be found in the tables below, but some of the highlights are: Upgraded […]
Following consultation, the FCA published final guidance on vulnerable clients in February 2021 (FG21/1). We wrote about this topic and the regulator’s guidance as it arose. You can read those previous articles here and here. In our February article, we overviewed the final guidance, the definitions around vulnerable clients and how to identify them. […]
PS21_5 General Insurance Pricing Practices Market Study – implementation timing update
Michael Senior Compliance 2021, FCA, Update
The FCA has issued an addendum that delays the implementation of the rules relating to premium finance disclosure from 01 October 2021 until 01 January 2022. The updated article can be found here https:/ps21_5-general-insurance-pricing-practices-market-study