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ARTICLE · 18 OCTOBER 2016

Regulatory Round Up - Autumn 2016

Gowling WLG
Gowling WLG
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The regulatory experts at Gowling WLG provide their bite size overviews of the major legal and regulatory developments and news for the consumer, asset and automotive finance sectors.

United KingdomFinance and Banking
Greg Standing
Greg Standing
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The regulatory experts at Gowling WLG provide their bite size overviews of the major legal and regulatory developments and news for the consumer, asset and automotive finance sectors.

Claims Management Regulator publishes annual reports

The latest annual report from the Claims Management Regulator has been published and reveals that financial penalties imposed on claims management companies (CMC) exceeded £1.7m in the period 2015/16. Much of the work done involved preparing CMC regulations for the transition to Financial Conduct Authority (FCA) control, as a result of which all CMCs will need to re-apply for authorisation.

FCA Quarterly Consultation Paper released

The FCA has released its latest Quarterly Consultation Paper, which sets out various recommendations to amend rules in a number of areas relating to Client Assets Sourcebook (CASS) audit requirements. These are in relation to certain debt management firms, mortgages and home finance, and changes to

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