The FCA has published a new webpage regarding what consumer credit firms need to report. The FCA charges consumer credit firms annual fees based on data in the CCR002 or CCR007. The new webpage outlines what consumer credit firms need to report to ensure that they are charged correctly. The webpage also covers common scenarios and consumer credit firms are also reminded that they should refer to the Handbook rules in FEES 4 Annex 11B before submitting their return.
Topics covered on the webpage include:
- credit broking;
- consumer hire as owner;
- other credit-related regulated activities;
- submit a 12 month period;
- where a decision has been made not to charge; and
- when a firm can report nil.
View Consumer credit income – what to report, 25 October 2017