Auxillias Newsletter Issue 5
February 2021 | FCA Portfolio Letter / Pay As You Grow / Covid-19 Impact / Duty Of Care / SM&CR Reminder
This month, our newsletter features a variety of different updates that we thought would be of interest to our readers:
The FCA has issued a further Portfolio Letter relevant to debt purchaser companies although it is a usual read to all background to the FCA’s portfolio supervisory strategy
Pay As You Grow - BBLS was launched by the UK Government in May 2020 to help smaller businesses impacted by coronavirus. FCA issues Finalised Guidance for firms on use of Pay as You Grow options This new guidance was issued by the Financial Conduct Authority on 26 January 2021 following a short consultation, and came into force the next day
FCA finds the Covid-19 pandemic leaves over a quarter of UK adults with low financial resilience - The FCA has released its latest Financial Lives survey (FLS), looking at consumers’ financial situations, the financial products they choose and their experiences of engaging with financial services firms
Upcoming FCA Consultation: A duty of care and potential alternative approaches
And as a Reminder… Certification for solo-regulated firms: What do you need to do before 31 March 2021?