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Data Provision under the Civil Liability Act 2018
The Civil Liability Act 2018 imposes a duty on insurers to provide information to the FCA about the effect that changes to the law under the Act will have on motor insurance premiums. -
Statement on non-damage BI settlements and deductions in relation to government support
Following the conclusion of the test case trial on 30 July, the FCA is currently awaiting the High Court judgment on the test case to resolve uncertainty about insurers’ liability for certain business interruption insurance policies. -
FCA consults on new rules to improve open-ended property fund structures
The FCA is consulting on proposals to reduce the potential for harm to investors from the liquidity mismatch in open-ended property funds. The new rules as proposed would require investors to give notice – potentially of up to 180 days - before -
FCA sets out views on Employer Salary Advance Schemes
Our statement explaining our view of the risks and benefits of Employer Salary Advance Schemes (ESAS) and what employers and employees should consider when using them. -
New guidance to help firms do more for vulnerable consumers
The FCA has set out new best practice guidance for firms to do more to protect vulnerable consumers. -
FCA to ban motor finance discretionary commission models
FCA will introduce a ban on discretionary commission models. Currently, some car retailers and motor finance brokers receive commission which is linked to the interest rate that customers pay – creating an incentive to sell more expensive credit -
FCA launches enhanced Financial Services Register to protect consumers
The FCA has today launched its updated Financial Services (FS) Register – including a simpler design and clearer language. -
Statement on updated guidance for insurance and premium finance firms
The FCA proposes extending a series of temporary measures to help customers who hold insurance and premium finance products. -
Fake Financial Services Register website
We are aware that there has been an attempt to reproduce our Financial Services Register on a non-FCA website. The fake domain is www.thefca.net. -
FCA confirms MoUs with ESMA and EU securities regulators
The MoUs agreed by the FCA with ESMA and EU regulators will remain relevant and will come into effect at the end of the transition period.