Following consultation, the(FCA) is introducing rules designed to prevent harm to investors, without stifling innovation in the peer-to-peer (P2P) sector. When the FCA set its first rules for P2P, it committed to keep these under review as the sector evolved.
The Financial Conduct Authority (FCA) has today published the next stage of the post-implementation review of peer-to-peer lending regulation.. will be working to ensure that new regulatory requirements do not get in the way'.. P2PFA statement in response to FCA proposals for the P2P lending sector.
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The Financial Conduct Authority (FCA) has published a consultation paper to address the rules regarding client money requirements for “loan based crowdfunding platforms. under current P2P lending.
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FCA introduces new rules for P2P platforms. 05 June 2019. The FCA has confirmed new rules designed to prevent harm to investors in the P2P sector. These rules have been devised to protect investors and allow firms and fundraisers to operate in a sustainable manner. The FCA has introduced new rules to better protect investors using peer-to-peer platforms.
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On timings: "To give p2p platforms time to make any necessary adjustments we propose a commencement period. We propose that these new rules should come into force six months from publication of the final rules and Policy Statement." The FCA will introduce minimum standards of disclosure.
The UK’s financial regulator, the Financial Conduct Authority (FCA), today announced new rules for peer-to-peer (P2P) lending platforms.. christopher woolard, executive director of strategy and competition at the FCA, said: "These changes are about enhancing protection for investors while allowing them to take up innovative investment opportunities.
UK FCA finalises new rules for P2P platforms The Financial Conduct Authority has confirmed its proposed changes to the peer-to-peer lending market with a view to preventing harm to investors in the sector. These include a cap on how much retail investors can put into P2P loans without receiving investment advice.
The FCA has confirmed new rules designed to prevent harm to investors in the P2P sector. These rules have been devised to protect investors and allow firms and fundraisers to operate in a sustainable manner.