Earlier this year HM Treasury and the Department for Business, Innovation and Skills published a consultation paper setting out proposals to transfer the regulation of consumer credit to the new Financial Conduct Authority: see here (pdf).
A summary of responses has been published - see here (pdf) - and amended draft legislation laid before Parliament on 25 June.
Friday, 28 June 2013
UK: financial regulation reform - transferring consumer credit regulation to the Financial Conduct Authority
Earlier this year HM Treasury and the Department for Business, Innovation and Skills published a consultation paper setting out proposals to transfer the regulation of consumer credit to the new Financial Conduct Authority: see here (pdf).
A summary of responses has been published - see here (pdf) - and amended draft legislation laid before Parliament on 25 June.
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