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.