Credit Broking Survey

The FCA has announced details of the forthcoming credit broking survey.

The text of the announcement is shown below.

 

“Further to our email in May, we wanted to let you know that our pilot survey for 300 firms finished in June. As planned, the survey will now be sent to all remaining firms that hold the credit broking permission.

We have made a few minor changes from the pilot but have kept the fundamental design so that it is quick and simple to complete. 95% of firms in the pilot completed the survey within 30 minutes.

Further information is available on our webpage. The survey will be sent in batches over two weeks from 5 July 2021. Firms will have 15 working days to submit their responses.

We will send a warm-up/introduction email to firms in the week before they receive the survey. Firms will then be emailed a link to complete the survey online. The link we send to firms will be unique to each firm. If firms need a different individual within their organisation (or a consultant) to answer and submit the survey, the link can be forwarded to the required person.

We know firms will be concerned about phishing emails and scams. Firms should check the email is from either FCA@fcanewsletters.org.uk or FCACreditBrokingSurvey@fca.org.uk . We will remind firms of this both on our website and the introductory emails to them.

If they do not receive the survey, firms may wish to check junk or spam folders.

If firms have any questions when completing the survey, they will be able to refer to the frequently asked questions (FAQs) on our webpage in the first instance, or alternatively can contact our Supervision Hub or email us at firm.queries@fca.org.uk.”

 

Important Note: ATEB news is intended to provide general information ONLY. The content, including any views expressed or guidance provided, does not replace the need to comply fully with FCA Rules and Guidance. Unless you have discussed news article content with ATEB, and specifically how it relates to your circumstances, then ATEB disclaims all liability and responsibility and actions arising from any reliance placed upon it. For the avoidance of doubt therefore, any reliance you place on such information without our consultation is at your own risk.

ATEB Compliance offers compliance and regulatory advice.

ATEB Suitability provides report writing software for the financial services market.

Our View

For information.

Action Required By You

For information.
CREATE BEAUTIFUL
SUITABILITY
REPORTS
TAKE BACK
CONTROL OF YOUR
SUITABILITY REPORT
PRODUCTION
SUITABILITY
REPORTS
WITH FULL
COMPLIANCE
CONFIDENCE
HANDS-ON COMPLIANCE
Helping you to implement solutions
FILE CHECKING
All business cases checked, including DB transfers
Section 166 and
Regulatory Reviews
Extensive S166 experience
Audits and
Health Checks
Need a regulatory check-up?
E-COMPLIANCE
A lighter touch support service
FCA Applications
We have completed hundreds
of Part IV applications
previous arrow
next arrow
Slider

About the Author

Richard is a Chartered Financial Planner and a Fellow. He has a long track record of implementing compliance regimes for firms large and small. His expertise and qualifications are broad, including pensions, investments, home finance, consumer credit and general insurance.

Contact Us

Brought to you by

Explore more articles in this category

Other articles that you might be interested in