FCA Backs Code For Unregulated Activities Despite Concerns

Law360, London (February 12, 2020, 2:04 PM GMT) -- The Financial Conduct Authority has backed standards penned by an independent body that aim to ensure finance companies conduct themselves properly when they offer unregulated products, despite fears in the industry that the code will confuse consumers.

The City watchdog said on Tuesday that it will recognize the Lending Standard Board’s code of lending practice for business customers. The body, which promotes fair lending in the U.K., created the voluntary code to ensure that FCA-regulated lenders provide unregulated products to businesses in a fair way.

The FCA can formally recognize codes of conduct developed by the industry if they set out...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.


  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!

TRY LAW360 FREE FOR SEVEN DAYS

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Beta
Ask a question!