Keep up to date with the latest news from the BVRLA. You can browse our complete collection of articles below.
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Lease vehicle impounded in France for incorrect documentation
Do not make the same mistake as one leasing company did and send a vehicle abroad without a Vehicle on Hire Certificate (VE103), is the message from the Director of Fleet Services, Amanda Brandon ahead of the summer holiday period.
Government commits to reform the Consumer Credit Act
Plans to modernise consumer credit laws to cut costs for businesses and simplify rules for consumers were recently announced by the government.
FCA asks firms to support struggling consumers
Many members will have recently received a letter from the Financial Conduct Authority (FCA) reminding them of the standards they should meet as consumers across the country are affected by the rising cost of living.
FCA regulatory permission: use it or lose it
The Financial Conduct Authority (FCA) will use its new powers to more swiftly cancel or change what regulated activities firms are permitted to do. Businesses are required to prove they are carrying out the regulated activities they are permitted to or face losing their permission.
Industry Outlook - A spotlight on Consumer Duty
In its new Consumer Duty proposals, the Financial Conduct Authority (FCA) wants to ensure a higher and more consistent standard of consumer protection for users of financial services and stop harm before it happens. This webinar is to help members prepare for this major new update to the FCA's regulatory regime. The new rules and outcomes that the FCA proposes will put more pressure on BVRLA members offering regulated motor finance to monitor customer outcomes and get their products and services right first time.
Consumer Duty webinar a must attend for FCA-regulated members
The FCA’s new Consumer Duty regime will require firms to focus on delivering good consumer outcomes, not just compliance, and it essential that all FCA-regulated BVRLA members are fully educated on the changes ahead of their introduction in April 2023.
Positive feedback on Understanding Lease Accounting course
This week, the BVRLA debuted the revamped ‘Understanding Lease Accounting, Finance and Tax Essentials’ course.
FCA introducing an Approved Persons fee
The FCA has confirmed that a new charge of £250 for standalone long Form A applications will take effect on 27 May 2022.
Supporting consumers with the cost-of-living crisis
In a recent speech Sheldon Mills from the Financial Conduct Authority (FCA) made it clear that the financial services industry has a role to play in helping consumers manage their personal finances during the cost-of-living crisis.
Potential for VED increase due to vehicle delays
Members are reminded that, due to vehicle lead time extensions which result in manufacturer price rises and specification changes, it could be that vehicles around the £38,000/£39,000 price bracket may end up going over £40,000.
Consumer Duty: journey to final implementation
To help members prepare for the Financial Conduct Authority (FCA)’s major new regulatory update on Consumer Duty, the BVRLA will be hosting a special Industry Outlook webinar on Thursday 12 May at 9am.
New Fact Sheet: VAT Treatment of Early Terminations
The BVRLA has produced a new fact sheet to support members with recent VAT changes regarding the treatment of lease or rental agreements that are terminated early.