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.
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 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.
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.