Regulatory AlertsPS20/8: Motor finance discretionary commission models and consumer credit commission disclosure
The Financial Conduct Authority issued Policy Statement PS20/8 to address the use of discretionary commission models in motor finance and the disclosure of consumer credit commissions. The document sets out final rules and guidance requiring firms to ensure fair treatment of customers and transparent commission arrangements within these sectors. It concludes the consultation process initiated by CP19/28 and establishes the regulatory expectations for compliance effective from the publication date.
Open consultation: CP19/28 Read more about Open consultation: CP19/28
15/10/2019
Consultation closed
15/01/2020
Policy Statement: PS20/8 Read more about Policy Statement: PS20/8
28/07/2020
28/07/2020
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