FCA confirms new rules for P2P platforms

The FCA has refined its proposals to ensure the new rules protect consumers and support the P2P market. In particular, additional guidance has been provided to make it clear that platforms will not be prevented from including information about specific investments in their marketing materials.

FCA confirms new rules for P2P platforms. Written by Peter Walker 04/06/19. Following consultation, the Financial conduct authority (FCA) is introducing rules in the peer-to-peer (P2P) sector, "designed to prevent harm to investors, without stifling innovation".

Peer-to-peer lending platforms. rules at the end of this month or early next month, the newspaper said. Industry insiders confirmed that new rules were on the horizon and that companies were.

UK Financial Conduct Authority Confirms New Rules For P2P Platforms Following consultation, the Financial Conduct Authority (FCA) is introducing rules designed to prevent harm to investors, without stifling innovation in the peer-to-peer (P2P) sector.

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strengthening rules on plans for the wind-down of P2P platforms; applying marketing restrictions to P2P platforms, designed to protect new or less experienced investors. The FCA has also clarified the practical implication of these new rules as they apply to P2P agreements;

In the wake of Lendy’s failure, FCA confirms new rules for P2P investments including a 10% cap.. The new rules must be implemented by platforms by 9 december 2019, apart from the MCOB sourcebook which must be applied immediately.

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It is however important that all players in this new market operate. of the sector by the FCA should help ensure that this happens.” The P2PFA confirmed last week that over £1bn of funds have now.

The FCA has refined its proposals to ensure the new rules protect consumers and support the P2P market. In particular, additional guidance has been provided to make it clear that platforms will not be prevented from including information about specific investments in their marketing materials.

On 4th June 2019 the Financial Conduct Authority (the "FCA") published final rules for peer-to-peer (or p2p) lending platforms. The new rules are the result of the FCA’s consultation that launched in July 2018, with the FCA stating that the new rules are designed to help better protect investors and allow firms and fundraisers to operate in a long-term, sustainable manner.