FCA introduces new rules for P2P platforms

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The new FCA rules can be seen as a reaction to Lendy’s collapse as the regulator might want to get the P2P sector on a stable footing. Alongside the 10% restriction, the FCA has introduced other rules that cover:

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.

Ezubao, China’s largest P2P platform by lending figures. More cases will be exposed in the run-up to and after new regulations on P2P lending are introduced, he said. A pivot by banks away from.

On 4th June 2019 the Financial Conduct Authority (the "FCA") published final rules for peer-to-peer (or P2P) lending platforms. The new rules are the result of the FCA’s consultation that.

In an increasingly dynamic market of new and innovative investment products, For these platforms the FCA has introduced rules requiring the.

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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 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.

The FCA confirms new rules for P2P platforms news 34 total views No comments Following the collapse of Lendy, the FCA has today announced that it is placing a P2P investment limit on retail customers (10.0% of investable assets, unless regulated financial advice is received) who are new to the sector.

The Financial Conduct Authority will Update Rules for Loan. early nature of the new sector. Now, more and more loans will have undergone the full repayment cycle and the known defaults will be more.

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.