Important update on FCA Covid-19 Impact Survey

The Financial Conduct Authority (FCA) is re-issuing the Covid-19 Impact Survey it sent out to regulated motor finance firms earlier in August.

This is due to a problem with the web links contained within the original survey which was issued between 23-25 August. 

BVRLA members that have yet to submit their survey will have already received a new email. Those that had already submitted a survey will be contacted about next steps this week. 

The Covid-19 Impact Survey is mandatory under section 165 of the Financial Services & Markets Act (FSMA) 2000. It includes 10 questions about the following areas: 

  • Liquidity/ cash availability and needs 
  • Recent financial performance 
  • Scale of business activity 
  • Access to government schemes