Following HM Treasury’s publication of its consultation on the EU Mortgage Credit Directive (MCD), the FCA has now published its consultation.
HM Treasury has published its consultation on the implementation of the EU mortgage credit directive (MCD). The aim of the consultation is to ensure that the UK meets its obligation to transpose the MCD by 21 March 2016.
FCA has issued a guidance consultation on its supervisory approach when firms use social media for financial promotions.
FCA has published its consultation on the proposed regulatory fees and levies for 2014/15.
As you are aware OFT’s Consumer Credit regime is transferring to the FCA on 1 April 2014.
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.
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 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.
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.