The FCA issues regular consumer credit email updates and the latest one contains some important information.
Rebate deadline ends this month
Firms that may be eligible for a rebate on CC fees previously paid to the OFT have until the 30th June 2014 to apply for the rebate. If you have not already done so and think that you qualify for a rebate, you should send your application to the FCA before the end of June.
Find out more here.
Cascading Consumer Credit Permissions from Principal Firms to Appointed Representatives
The application period has opened for firms who want to be a principal and take on responsibility for appointed representatives’ consumer credit activities. The application period will run until 31 August 2014, so timescales are relatively short.
There is some essential further reading available here.
Important Note
Please note that the FCA updates cover a wider range of topics and issues than those highlighted in this article. Our aim is to focus on those issues most relevant to ATEB clients. If consumer credit is relevant to your firm, you should sign up for the FCA emails here and visit the FCA CC web pages here.
FG 21/3 – client objectives
Alistair MacDougall Compliance Drawdown, FCA, ML, Pension, Pension Transfer, PI, transfer
Following on from our previous articles on FG21/3, we will look today at another of the interesting areas covered by the guidance. It goes without saying that the guidance itself is helpful, reiterating and emphasising previous rules and guidance and clarifying some areas that were arguably fuzzy before. However, as well as the actual content, […]