NFDA: FCA ‘on DCA fact-finding mission’
13 November 2024
The NFDA has had a series of meetings with HM Treasury and the FCA following the shock Court of Appeal DCA decision. It has also attended an FCA roundtable with HM Treasury, the Bank of England, Prudential Regulation Authority, UK Finance plus finance houses and other trade associations.
During these meetings, says chief executive Sue Robinson, “it appears the FCA are currently on a fact-finding exercise to understand the potential next steps for both lenders and brokers.
“It is becoming increasing evident that the state of law is in flux and that the impending Supreme Court ruling could set a precedent of direction.”
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