FCA publishes its proposals for regulatory fees and levies for 2014/15
FCA has published its consultation on the proposed regulatory fees and levies for 2014/15.
FCA publishes guidance on its ‘outcomes based’ approach to supervision
In October 2012 FCA outlined the main features of its new approach to supervision and then in July 2013 it published its approach to advancing its objectives.
MMR update – FCA webcast and FAQs
The FCA recently conducted surveys to establish lender and broker readiness. In undertaking this, brokers indicated there were a number of areas where they wanted more information. These included
FCA updates its Thematic Review on the risks to customers from financial incentives
FCA has provided an update on its work on financial incentives. In general, FCA’s view is that firms have done well in making changes to their incentive schemes and improving their controls but that some firms need to do more.
AMI secures consumer credit exemption for mortgage brokers
At the end of last week FCA published it policy statement on its final rules for the regulation of the Consumer Credit industry.
FCA revises its Consumer Credit fees proposals to assist smaller firms
Following feedback FCA has issued a revised Consumer Credit fees consultation paper to address the concerns raised about the impact its proposed regulatory fees regime would have on smaller firms.
FCA provides further clarity on regulated advice boundaries
When FCA published the MMR rules in October 2012 it committed to reviewing its Perimeter Guidance (PERG) to provide clarity on the boundaries between providing information and providing regulated advice.
FCA Regulatory Fees and Levies: policy proposals for 2014/15
FCA has published its Regulatory Fees and Levies: policy proposals for 2014/15. The consultation does not provide details of the actual fees FCA will charge next year. These will be provided in its March 2014 fees paper.
FCA opens its consumer credit registration process
From today (2nd September 2013) Mortgage broker firms that hold a consumer credit licence will be able to register with the FCA to begin the process of transferring from the old OFT regime to come under the new FCA’s consumer credit remit.
Communications from FCA and OFT about Consumer Credit Licences
The Financial Conduct Authority (FCA) and Office of Fair Trading (OFT) have started to write joint letters to firms informing them of the changes that will be happening to the current Consumer Credit regime.
