Regulatory Alerts2016-09-01
Quarterly Consultation Paper No. 14: CP16/21
The Financial Conduct Authority proposes amendments to consumer credit APR assumptions to ensure full transposition of the Consumer Credit Directive. The regulator also seeks feedback on minor changes to equity release rules, including allowing consumers to switch to interest roll-up and updating mortality tables for product illustrations. Additionally, the document outlines consequential amendments to Short Form A for senior management accountability and clarifies requirements in IFPRU 11 arising from the Recovery and Resolution Directive.
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