Appointed Representatives

Published 05 October 2022

The Appointed Respresentatives (AR) regime is a longstanding feature of UK financial services regulation. Legislation for the AR regime was first established in 1986 for investment services activity but was later adapted and applied to a wider range of financial services under the Financial Services and Markets Act (FSMA 2000).

Consumer Duty

Published 06 September 2022

The Consumer Duty is a new initiative, responsibility for which has been placed upon the Financial Conduct Authority (FCA), by the Treasury. For the financial services industry, the Consumer Duty marks a shift from rules-based regulation to more ‘principles’ and ‘outcomes’ based.

Consumer Duty

Published 09 August 2022

The final policy statement on Consumer Duty was due at the end of July 2022 and so we ran a virtual event following its publication. The workshop covered a full overview of the Consumer Duty principles and requirements before addressing granular details specific to the alternative lending sector.

PS22/9: A new Consumer Duty

Published 27 July 2022

It is interesting to see the Consumer Duty policy statement and final guidance out. We will be taking a few days to work through all the materials. For some of us, this has been the focus for many months, if not years of discussion.

Summer 2022

Published 05 July 2022

TransUnion presented on the emerging trends identifed from the perspective of a CRA. The FCA provided an outline of the team’s work and how best to engage with them. They also updated on how they approach the regulation of CMCs. There was also a chance to discuss other developments on CMCs and an update from CCTA.

CCTA Magazine: 2022 Issue Two

Published 22 June 2022

Welcome to this post conference edition of CCTA magazine. As many of you will know we held our first annual conference in over three years in late April. We were delighted to have so many members join us on the day, and for our networking dinner held the night before.

CCTA comment on FOS future funding paper

Published 16 June 2022

On Tuesday the Financial Ombudsman Service (FOS) released its long-awaited discussion paper on its future funding model. For some time, we have been engaging with the FOS on its funding model and the burden it places on the alternative lending sector. We have been clear that the organisation needs a more sustainable model moving forward.

CCTA Inform: Summer 2022

Published 09 June 2022

CCTA Inform is an essential ‘easy read’ publication, exclusively available to members. This issue covers March 2022 to May 2022. During this period, we have collected details of legislation, regulatory updates and other announcements that may be of interest.

CCTA Conference: 2022 presentations

Published 27 April 2022

In 2022 the Conference focused on a range of themes including new innovations in lending and how lenders can best serve customers, especially those in difficulty. Delegates also received a presentation from the Illegal Money Lending Unit and a fireside chat with the FOS.

CCTA response to the FOS final plans and budget 2022/23

Published 30 March 2022

We are disappointed that the FOS has decided to implement the proposals it consulted on earlier this year, despite the feedback it has received. For some time, we have been talking about the financial pressure our members are under from the current fee structure of the FOS.

CCTA Conference: 2022 brochure

Published 26 March 2022

We are very pleased to be able to welcome you to the first CCTA conference in over two years and my first one as Chief Executive. It would be fair to say that a lot has happened to the sector and the CCTA in that time.

CCTA Inform: Spring 2022

Published 24 March 2022

CCTA Inform is an essential ‘easy read’ publication, exclusively available to members. This issue covers December 2021 to February 2022. During this period, we have collected details of legislation, regulatory updates and other announcements that may be of interest.