Following HM Treasury’s publication of its consultation on the EU Mortgage Credit Directive (MCD), the FCA has now published its consultation.
At the end of last week FCA published it policy statement on its final rules for the regulation of the Consumer Credit industry.
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.
When FCA announced the process for firms to register their consumer credit licence (CCL) under its interim regime it provided for a 30% early registration discount.
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
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.
AMI has responded to FCA’s and HM Treasury’s consultation papers on the transfer of consumer credit activities to the FCA.