Final FCA Consumer Credit rules released

The FCA have today released the final rules regarding the regulation and transfer of Consumer Credit from the OFT following the consultation period.  The FCA take over regulation on the 1st April 2014 and as a reminder if you have not yet applied for interim permission you must do so before the end of March.  

All consumer credit firms will need to comply with the FCA's principles for business from the 1st April. 

FCA BRAW update

The FCA have announced the next regions to be assessed under their business risk workshops (BRAW), the following areas are to be assessed:

Cardiff, Llandrindod, Llanduno, Newport, Swansea, Shrewsbury, Gloucester, Hereford, Chester and Crewe.

Are you ready for the new MMR rules?

Do you have an MMR plan in place to be compliant with the new rules, which come into force on the 26th April 2014?  We are receiving enquiries from firms requiring support to get them MMR ready, making sure they have a good understanding of the requirements and providing MMR compliant documentation, if you are still unsure on the rules and don’t have a full plan in place please read on.