The Financial Conduct Authority (FCA) has confirmed that holiday payments for mortgage customers will be extended until the end of October this year in a bid to combat the financial impacts of the coronavirus crisis. The FCA has confirmed that customers still experiencing temporary payment dif
Fca
The Financial Conduct Authority (FCA) has provided an update on progress on its court action on business interruption (BI) insurance policies. Since the FCA made its last announcement on 1 May, the FCA has approached 56 insurers and reviewed over 500 relevant policies from 40 insurers. The watchdog
The Financial Conduct Authority (FCA) has launched a consultation on additional guidance for payments firms to strengthen the way in which they look after customers’ money. The payments sector is a priority area for the FCA and the consultation follows ongoing work to ensure payments firms are
The Financial Conduct Authority (FCA) has announced proposals which will continue support for customers who are struggling to pay their mortgage due to the coronavirus pandemic.
The Financial Conduct Authority (FCA) is confirming a series of temporary measures today to help customers who hold insurance and premium finance products and who may be in financial difficulty because of coronavirus. Following a short consultation, the targeted measures being implemented require fi
The Financial Reporting Council (FRC) is encouraging firms to make use of the extension announced by the Financial Conduct Authority (FCA) to the deadline for publication of audited annual financial reports from four to six months from the end of the financial year. The body said that companies
The Financial Conduct Authority (FCA) has today announced it intends to seek legal clarity on business interruption insurance to resolve doubt for businesses who are facing uncertainty on their claims. It is also proposing a series of measures to support both consumers and businesses who hold insura
The Financial Conduct Authority (FCA) has extended the deadline for e-commerce businesses to implement strong customer authentication (SCA) in the wake of the coronavirus crisis. Firms will now have an additional six months to implement the systems, meaning the new deadline of 14 September 2021 will
The Financial Conduct Authority (FCA) will be introducing a package of measures outlined last week to support consumer credit customers facing payment difficulties due to coronavirus.
The Financial Conduct Authority (FCA) has today published its final report on the impact of the deadline for PPI complaints which highlights the outcome of the communications campaign which ran for two years. During that time, the campaign was recognised by 32 million people. It significantly increa
The Financial Conduct Authority (FCA) has announced another proposed package of measures targeting motor finance and high-cost credit agreements, which include: high-cost short-term credit (including payday loans), buy-now-pay-later (BNPL), rent-to-own (RTO) and pawnbroking.
The Financial Conduct Authority (FCA) has revealed that regulated firms have received a total of 6.02 million complaints in the second half of 2019, marking an increase from 4.29m in the first half of the year. The FCA said that the increase in complaints was mainly driven by a 75% increase in
Gordon Deane, a partner with legal firm Balfour+Manson, discusses the Financial Conduct Authority's (FCA) guidance on temporary consumer protection in the face of the current coronavirus crisis. The Financial Conduct Authority has implemented temporary measures to offer support to consumers imp
A temporary payments freeze on loans and credit cards for up to three months are amongst a package of targeted temporary measures confirmed by the Financial Conduct Authority (FCA) today to help people negatively affected by the coronavirus pandemic. Following a short consultation, the FCA will
The Financial Conduct Authority (FCA) has announced a series of measures to help listed companies to raise new funding while retaining an appropriate degree of investor protection.