FCA covid impact survey

Regulatory Updates | 18/08/21

The FCA issued the first phase of the Covid-19 Impact Survey in June 2020, Since then, the FCA has repeated this survey three more times to understand the change in firms’ financial positions with time.

The FCA is now repeating this survey for a fifth time. The survey will be sent to relevant firms in Tranche 2 on one of the following dates:

Batch 1: to be sent on 23rd August 2021 – response due by 20th September 2021
Batch 2: to be sent on 24th August 2021 – response due by 21st September 2021
Batch 3: to be sent on 25th August 2021 – response due by 22nd September 2021
Batch 4: to be sent on 27th August 2021 – response due by 24th September 2021

A warm-up/introduction email will be sent to all the firms at least 1 day prior to them receiving the survey.

Tranche 2 includes the following firms:

•  Non-bank Lenders
•  Motor Finance Providers
•  Retail Finance Providers
•  Price Comparison Websites

Firms will be emailed a link to complete the survey online (not through RegData). The survey will be sent from either FCA@fcanewsletters.org.uk or an @fca.org.uk email address.

Completion of the survey is mandatory under section 165 of the Financial Services & Markets Act (FSMA) 2000.

Source: FCA