Category: BFRS

Issue 115 of Butterworths Financial Regulation Service has now been published. I’ve reviewed and revised the existing chapters in CONC. The commentary is up to date to December 2020.

The changes include:

– revising the commentary to reflect latest COVID-19 guidance from the FCA;

– updating the commentary to consider the changes to commission disclosure, including analysing the meaning of the ‘nature’ of commission; and

– considering the changes to CONC as a result of Brexit.

Issue 111 of Butterworths Financial Regulation Service has now been published.  I’ve reviewed and revised the introductory chapter on CONC and the chapters on CONC 1 to 4, 5A to 5D and 9. I’ve also written new material including:

– a new chapter on CONC 7 (including looking at the impact of the FCA’s COVID-19 related temporary measures); and

– a new chapter on CONC 11 (dealing with cancellation of certain agreements)

The commentary on Division 4H is now up to date to April 2020.

Issue 109 of Butterworths Financial Regulation Service has now been published. This includes updated material in chapters 1 to 5 (dealing with CONC 1 to CONC 4) written by Russell Kelsall.

Issue 109 includes new commentary on:

– the FLA’s proposals for reform of consumer credit;

– the Money Advice Trust’s new Debt & Mental Health Evidence Form;

– recent and forthcoming changes to CONC 3 (including on ‘buy now, pay later’ promotions); and

– some extra commentary on CONC 4.

Issue 108 of Butterworths Financial Regulation Service has now been published. This includes updated material, and new chapters, in chapters 5, 6A to 6D, 10, 11, 13 and 16 (dealing with CONC 4, 5A, 5B, 5C, 5D, 9, 10, 12 and 15) written by Russell Kelsall.

In addition to reviewing the existing commentary on CONC 4 (including the FCA’s consultation paper, CP 19/28, on commissions), Issue 108 includes new commentary on:

– high-cost short-term credit (in CONC 5A);

– rent-to-own (in CONC 5B);

– overdrafts (in CONC 5C and 5D);

– prudential rules for debt management firms (in CONC 10);

– agreements secured on land (in CONC 15).