The Financial Conduct Authority (FCA)’s motor finance redress scheme represents a major regulatory milestone. While it will aim to deliver fairness and consistency, it also places significant demands on firms in terms of financial, operational, and data readiness.
With the FCA consultation imminent (expected in October) and implementation expected in 2026, Luis Hernandez, Associate Director at S&W Partners Ltd delivered a session on the expected redress scheme at the BVRLA’s recent Compliance Forum.
Building on that session, Luis has prepared an insight document for members ‘FCA’s Motor Finance Redress Scheme: What Firms Need to Know’ to help firms prepare for what lies ahead. The BVRLA's Commission Disclosure Hub hosts the supporting documents that focus on what firms can do to prepare.
Commission Disclosure and other financial regulation topics regularly feature on the agenda at the BVRLA’s Compliance Forum. The next one will be held on Wednesday 12 November, hosted by S&W in London. Sign up to attend: BVRLA Compliance Forum.
