Resource Library

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. 

The FCA has confirmed that a new charge of £250 for standalone long Form A applications will take effect on 27 May 2022.  

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. 

More than half of Financial Conduct Authority (FCA)-regulated BVRLA members have heeded the authority’s advice to start preparing for its new Consumer Duty regime, which will require firms to focus on delivering good consumer outcomes, not just compliance.  

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 ‘A spotlight on consumer duty’ webinar on Thursday 12 May. 

The Financial Conduct Authority (FCA) has published the annual fees consultation paper, setting out what fees it will charge for the next financial year (2022/23). 

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. 

One of BVRLA’s members has made the association aware that a couple of its ARs have been targeted by fraudsters.  

The BVRLA has responded to HM Treasury and the Financial Conduct Authority (FCA)’s joint consultations looking at the Appointed Representatives (AR) regime. 

The Financial Conduct Authority (FCA)’s second phase of consultation on the Consumer Duty closes today (15 February). 

HM Treasury has consulted on its third phase of the Future Regulatory Framework (FRF) Review, which looks at the post-EU regulatory approach for the financial services sector.

The BVRLA has responded to the Financial Conduct Authority (FCA)’s consultation on fees and levies for 2022/23.