FCA actions mean busy times for regulated firms


The first half of 2019 has been an extraordinarily busy time for the FCA. So far we have seen, amongst other ‘business as usual’ outputs, consultations on mortgage advice and selling standards (CP19/17) and new responsible lending rules (CP19/14), a policy statement on ‘overdrafts’ (PS19/16 following CP18/42), the on-boarding and regulation of Claims Management Companies (including a very early ‘warning shot across CMCs bows in the form of a ‘Dear CEO’ letter) and the recent announcement in respect of final rules for loan based (‘peer to peer’) and investment backed crowdfunding platforms (PS19/14 following CP18/20).  While each of these activities…

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Partner - Baxters Business Consultants - a business consultancy undertaking marketing, training, freelance journalism and expert witness services to the residential mortgage lending, building society and financial service industry (April 1993 to date) - www.baxtersbc.co.uk.

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