Motor finance discretionary commission models and consumer credit commission disclosure Feedback on CP19/28 and final rules

Feedback on CP19/28 and final rules

Below is a summary of the FCA’s policy statement PS2018 (July 2020) on the ban of Discretionary Commission Models and its position on the Disclosure requirements.

Download our white paper where we highlight the policy statement in more detail, the timeframes for implementation, an interpretation of what the new rules say and what they mean as well as other key important considerations.