Motor Finance Key Asks

The BVRLA is calling for a regulatory framework that works for members and their customers

Prioritise credit sector reform in the Financial Services Future Regulatory Framework Review.
Regulators need to engage more with industry and ensure their obligation to maintain a healthy market is met.
Government needs to support zero emission vehicle financing where there are challenges, for example the used market.
Clarity must be provided for the roadmap of ESG reporting requirements.
Reporting requirements are not too fast or overly burdensome on members.

Regulators – following the BVRLA response to the FCA Fees consultation we have had follow on engagement to highlight member concerns and will be attending a roundtable and engaging on the Consumer Duty consultation.
Reporting – engaging with the CBI to ensure member views on Environmental, Social and Government reporting are represented and that members are fully aware of all developments.
Green Motor Finance – part of the Green Finance Institute’s Coalition for the Decarbonisation of Road Transport (CDRT) Purchase and Leasing workstream to scope out interventions to unlock financing for zero emission vehicles.