FCA confirms new rules for P2P platforms FCA | June 7, 2019 Following consultation, the(FCA) is introducing rules designed to prevent harm to investors, without stifling innovation in the peer-to-peer (P2P) sector. The Financial Conduct Authority has tightened the rules around peer-to-peer (P2P) lending, including a limit on investments in P2P agreements for retail customers new to the sector.
The FCA has strengthened rules on plans for the wind-down of P2P platforms if they fail. It has introduced a requirement that platforms assess investors’ knowledge and experience of P2P investments where no advice has been given to them. The rules also cover setting out the minimum information that P2P platforms need to provide to investors.
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The Innovative Finance Isa is set to be introduced. or all of the P2P agreements held in the wrapper from one Isa manager to another, and how long this may be expected to take. As part of its.
FCA announces new rules for UK P2P Lending Platforms. reflecting what is already good practice in the peer to peer lending market. June 6.
The FCA said in Friday’s paper that one of the new rules it was proposing for the industry is "additional requirements or restrictions on cross-platform investment." P2P lending, also known as.
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Following consultation, the Financial Conduct Authority (FCA) is introducing rules in the peer-to-peer (P2P) sector, “designed to prevent harm to investors, without stifling innovation”. The regulator has refined its proposals, giving additional guidance to make it clear that platforms will not be prevented from including information about specific investments in their marketing materials.
Speaking to FTAdviser, a spokeswoman from HMRC said: “The Innovative finance isa rules will provide for the aggregator model, to the extent that the Isa manager is regulated by the FCA. new Isa.
Introduction. A draft Order expanding the scope of regulation with respect to peer-to-peer (P2P) platform activities, and clarifying certain activities relating to mortgages was published by the Government on 2 February 2016 (the Financial Services and markets act 2000 (regulated activities) (Amendment) Order 2016 (the Amendment Order).