Consumer credit

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 Financial Conduct Authority
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• The Financial Conduct Authority is accountable
  for the legislation of the financial markets and
  the infrastructure that facilitates those
  marketplaces in the UK.
• This contains both online retail trading, along
  with institutional trading. The FCA
  investigations may also have responsibility for
  the prudential legislation of other areas
  throughout the financial services industry that
  never fall below the PRAs scope 

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• FCA powers
•  
• The FCA's important powers consist of the power
  to regulate conduct associated to the marketing
  of FCA financial products. It is capable to
  identify minimum standards and to position
  specifications on products.
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• Moreover, the FCA regulation is capable to keep
  track of products and other problems to ensure
  companies play fair and dont compromise customer
  passions it is going to have the power to
  instruct companies to immediately withdraw or
  modify promotions which it finds to be
  misleading, and to publish such options.
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• The FCA varies from the Prudential Regulation
  Authority in that the PRA is part of the Bank of
  England and will manage the balance of financial
  services companies, while the FCA will oversee
  financial charges.

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The FCA has described their purposewith the
assessment as follows

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• Explain and ensure our approach to the guidance
  of financial promotions (as described in the
  legislation)
• Help companies recognize how they are able to use
  these media and conform with our guidelines
• Set out particular areas that companies need to
  take into consideration, and provide some
  alternatives and illustrative suggestions

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• In the last months the FCA has helped all
  controlled companies also by adding further
  clarity to their objectives going forward.
• The FCA newly regulated Credit Consumer section
  has also added to this clarity with a set of
  developments on their referrals and adding a
  series of clarifications.
• Further the FCA compliance has also increased the
  online portals, easing and reducing the time for
  any request to be dealt with.
• But has enough been done? The news are still
  grabbed by sanctions in the millions imposed to
  companies for not having respected the regulating
  structure.

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• In any regulated environment the detail of the
  rules appropriate is often frustrating.
• The FCA is no different. In addition the CMA
  (Competition and Market Authority) is also
  attempting to evaluate the evolution of the
  Financial markets and the modus operandi of its
  key players, often suggesting actions to be
  harmonised with the FCA recommendations. All in
  all things are getting better, though it may not
  feel like it.
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• FCA Assist have found that the Authority part of
  the FCA is often promoted and the Conduct part of
  it may be undervalued by regulated businesses.
• As regulatory consultants FCA Assist communicate
  daily with the FCA and CMA and assist regulated
  companies when dealing with investigations
  assisting them presenting and compiling all
  relevant files for distribution and liaising with
  the regulators on their part.
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For More information Visit us

• Company Name FCA Assist
• Address 113a Jermyn Street
• St James,
• London
• SW1Y 6HJ
• ENGLAND.
• Phone [phone]
• Email contactus_at_fcaassist.co.uk

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THANK YOU