Regulatory Alerts2020-07-14
Added · Updated
Motor finance agreements and coronavirus: updated temporary guidance for firms
The UK Financial Conduct Authority issued this finalised guidance to provide continued exceptional support for consumers facing payment difficulties due to the coronavirus pandemic. The document outlines expectations for firms to offer temporary payment deferrals and proposes disapplying certain rules to facilitate this relief. This guidance supersedes earlier publications from April and July 2020 and was updated with effect from 25 November 2020.