FCA introduces new rules for P2P platforms

FCA introduces new rules for P2P platforms

 · FCA introduces new rules to make platform switching easier. The FCA is consulting on new rules which require platforms to offer the in-specie transfers of fund units in.

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4 days ago · According to a Bloomberg article, China houses the biggest p2p lending industry in the world, an achievement that has now become an albatross around the. daily news Digest Featured News Thursday December 6 2018, Daily News Digest

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Catch up on FinTech Futures’ top five fintech stories of the week – all in one place! 5th July 2019;. FCA introduces new rules for P2P platforms. P2P platforms must implement changes by 9 December 2019, but the application of MCOB is immediate.

The new rules and guidance will come into force on December 9, 2019, with the exception of applying MCOB to P2P platforms that offer home finance products, which comes into force today (june 4, 2019).

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The FCA has published new rules for loan-based (P2P) and investment-based crowdfunding platforms. The new rules are timely, with increased scrutiny on the sector following the recent collapse of.

In particular, additional guidance has been provided to make it clear that platforms will not be prevented from including information about specific investments in their marketing materials. As originally proposed, the FCA is placing a limit on investments in P2P agreements for retail customers new to the sector of 10 per cent of investable assets.

FCA confirms new rules for P2P platforms By Simon Lovegrove (UK) , Matthew Gregory (UK) and Joe Bamford (UK) on June 5, 2019 Posted in Retail, United Kingdom On 4 June 2019, the FCA published Policy Statement 19/14: Loan-based (‘peer-to-peer’) and investment-based crowdfunding platforms: feedback to CP18/20 and final rules (PS19/14).

FCA introduces new rules for P2P platforms. 05 June 2019. The FCA has confirmed new rules designed to prevent harm to investors in the P2P sector. These rules have been devised to protect investors and allow firms and fundraisers to operate in a sustainable manner.

The FCA has refined its proposals to ensure the new rules protect consumers and support the P2P market. In particular, additional guidance has been provided to make it clear that platforms will not be prevented from including information about specific investments in their marketing materials.

By Jonathan Lawrence. The UK Financial Conduct Authority (FCA) has issued its recommendations for changes to P2P lending regulations for.

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