Resource Library

The BVRLA’s Rental Committee met last week and Brexit was at the top of their agenda with the impact on taking vehicles abroad and employing EU citizens being at the forefront of discussions.

The Financial Conduct Authority (FCA) has announced its intention to ban commission models where the amount received by the broker is linked to the interest rate that the customer pays and which the broker has the power to set or adjust.

The DVLA is reminding members of its Trailer Registration Service which has so far this year seen over 2900 customers using the system to register their trailers for international use.

The FCA has recently updated their Senior Managers and Certification Regime (SM&CR) webpages for solo-regulated firms.

Firms are being asked to register on the Financial Conduct Authority’s Connect platform and send them up-to-date details, also known as a mandatory annual update.

Members can now book on the last Finance Essentials for Account Managers course in 2019, an opportunity for attendees to check their financial knowledge that the right motor finance product is being offered.

The FCA has issued a ‘Dear CEO’ letter regarding the requirements for Strong Customer Authentication in card-not-present e-commerce transactions.

The FCA has published its Inside FCA podcast: Culture and the Senior Managers & Certification Regime, which is a must-listen for firms preparing to implement SM&CR in December.

The association’s e-Learning Platform is being used by over 1000 active learners from across 150+ member organisations as leasing brokers are starting to embed the system as part of their core training provision.

The Financial Conduct Authority has published a report outlining the findings of a review into the embedding of the SM&CR into the banking sector, following its introduction in March 2016.

The Department for Transport has issued some best practice guidance to help mitigate the threat of commercial vehicles being used as a weapon.

The BVRLA will be hosting a webinar to help members understand the changes to the treatment of VAT on Personal Contract Purchases (PCPs).