The Financial Conduct Authority (FCA) will set out next steps into its review of discretionary commission arrangements (DCAs) in May 2025, rather than in September 2024 as initially set out. A pause on complaint handling in relation to DCAs will also be extended until 4 December 2025. The FCA said it would set out its proposed next steps sooner, if possible.
Brexit, digital marketing, Financial Conduct Authority (FCA) compliance and competition compliance in the automotive sector were all subjects discussed at the National Franchised Dealers Association (NFDA) Autumn Roadshow, which took place recently at the Hilton Warwick.
The NFDA has urged dealers to ensure their compliance with new regulations governing the way in which Guaranteed Asset Protection (GAP) insurance is sold to consumers. Set out by the Financial Conduct Authority (FCA), the new rules are due to come into effect on 1 September 2015. Dealers will be required to explain that customers must return to the dealership four days after purchasing their car if they want GAP insurance.
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NFDA