Regulatory AlertsCP21/16: Quarterly Consultation Paper No. 32
The Financial Conduct Authority proposes amending CONC 6.7.4R to allow credit card firms to allocate repayments to instalment plans without seeking individual rule modifications, provided they assess customer best interests. The regulator also seeks comments on consequential updates to CONC rules governing high-cost short-term credit and peer-to-peer lending information sheets following statutory changes. Additionally, the FCA proposes minor amendments to MLAR reporting instructions to remove references to LIBOR in preparation for its cessation.
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