A reminder that the FCA have asked our members and other regulated businesses to provide feedback. Specifically, the FCA want us to consider the Consumer Duty, Consumer Credit Act and the Consumer Credit Source book. If we think there are any rules or regulations which overlap, you believe are not needed, or require an update please email me directly. I will collate the responses, and forward to the FCA for review. Already we had had some positive feedback, such as how relevant is the detailed resilience survey and can it be reduced. PB agreements are fixed, can the CCA be updated, to enable the term to commence from one month, resulting in early settlement charges being avoided.
To provide time for consideration, we will need your feedback by the end of September 2024.