FCA confirms new rules for P2P platforms

came under the spotlight last month when the FCA forced P2P lender Lendy into administration, with the regulator still investigating the firm. The new rules impose more explicit requirements on.

Zendai is the latest to pull out of P2P lending in China as the industry continues to reel from Beijing’s crackdown aimed at.

On 4 June 2019, the FCA published Policy Statement 19/14: Loan-based ('peer- to-peer') and investment-based crowdfunding platforms:.

Peter Hopkins, the technical director of AJ Bell, wrote the ‘inappropriately named’ innovative finance isa needed to be.

FCA confirms new rules for P2P lenders. In brief. On 4th June 2019, the FCA published Policy Statement 19/14: Loan-based ('peer-to-peer').

The new rules cover: More explicit requirements to clarify what governance arrangements, systems and controls platforms need to have in.

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Initial comments regarding the rules have been mixed with some expressing their concern that the approach makes P2P lending appear riskier than it is. The new rules. European P2P platforms become.

The Financial Conduct Authority has opened a consultation on new rules for loan-based crowdfunding platforms as a first step to fix “increasingly complex” business models. The regulator today issued.

On 4th June 2019 the Financial Conduct Authority (the "FCA") published final rules for peer-to-peer (or P2P) lending platforms. The new rules.

Crowdfunding platforms, or peer-to-peer (P2P) lenders, are going to face tougher regulations in the U.K. through the Financial Conduct Authority (FCA), according to a report by Reuters. The new rules.

UK FCA finalises new rules for P2P platforms. The Financial Conduct Authority has confirmed its proposed changes to the peer-to-peer lending.

When the FCA set its first rules for P2P, it committed to keep these under review as the sector evolved. These new rules are designed to help.

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The FCA has confirmed new rules for P2P lending platforms due to come into force on 1 april 2014. stuart Law, CEO of Assetz Capital one of the world’s fastest-growing P2P lenders, has shared his view.

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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.