Jul 27, 2022: The Financial Conduct Authority (FCA) has released its long-awaited policy statement and official guidance on plans to bring in a new Consumer Duty, aimed at making fundamental improvements to the way consumers are treated. It will set higher and c...

 

Jun 23, 2022: The Treasury is to consult on major reforms to the Consumer Credit Act (CCA), described as “highly prescriptive and increasingly cumbersome and inflexible”, after admitting the current rules add unnecessary costs to businesses when implementing its...

 

Feb 24, 2022: The Serious Fraud Office (SFO) has announced a criminal investigation into Arena Television Limited (Arena TV), which collapsed into insolvency last year, raising concerns about some £282 million of funds provided by asset finance lenders for equip...

 

Oct 31, 2021: The UK Chancellor of the Exchequer Rishi Sunak presented his Budget statement and spending review on 27 October. There have already been major announcements earlier this year of significant tax increases to take effect during the next two years. T...

 

Oct 25, 2021: Ahead of the Budget on Wednesday, the Finance & Leasing Association (FLA) is calling on the Chancellor to introduce a Green Finance Wholesale Guarantee to help ensure a supply of affordable funding for green assets in the consumer and business ...

 

Oct 08, 2021: The European Commission is coming under pressure to introduce ‘ambitious’ legislative proposals on vehicle data access, with a broad grouping of organisations including Leaseurope calling for action by Q1 2022. The current failure to agree common s...

 

Aug 13, 2021: Specialist law firm Auxillias has published a detailed report for brokers and lenders to provide some support to assess the ramifications of a key Court of Appeal ruling on undisclosed commissions. The report, produced in association with the Inte...

 

Jul 23, 2021: The Financial Conduct Authority (FCA) has published its business plan for the coming year, which includes a renewed focus on consumer outcomes and a commitment from the regulator to become more innovative, adaptive and assertive. Nikhil Rathi, who...

 

Jul 06, 2021: Bespoke legal and compliance firm Auxillias has passed its first business milestone, with celebrations marking 12 months since it was first launched. During this time, the two founders – CEO Jo Davis and COO Daksha Mistry – have built up a strong c...

 

Jun 14, 2021: The UK’s Financial Conduct Authority has revealed plans for a new Consumer Duty, which will set a higher level of consumer protection in retail financial markets. The Consumer Duty, which firms will have to follow or face action including enforcem...