The Financial Conduct Authority (FCA) has claimed it is ahead of schedule, with 31,139 consumer credit firms registered for interim permission. From 1 April 2014, the FCA will assume control over regulation of the consumer credit market from the Office of Fair Trading (OFT). By applying for interim permission, firms are permitted to continue offering consumer credit services until required to apply for full authorisation or make a change to the types of activities undertaken...Read more HERE
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Martin Wheatley sets out the ‘Journey to the FCA’