FCA to survey firms with credit broking permission

May 2021

The FCA has announced it will be undertaking a survey amongst a sample of 300 firms with credit broking permissions to understand more about how they are using their permission, how they are remunerated and how many creditors they have a relationship with. Relevant firms should look out for this from 20th May onwards; although it’s not mandatory FCA may contact firms who don’t reply under Principle 11 to deal with their regulators in an open and cooperative way.

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