FCA introduces new rules for P2P platforms

FCA confirms new rules for P2P lenders. regulatory regime applicable to P2P lenders has required a revamp and reinforced the FCA's review.

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The policy statement introduces a large number of new rules for P2P platforms and includes restrictions on direct marketing to non-sophisticated / high net worth investors unless they are.

FCA introduces new rules for P2P platforms. 05 June 2019. The FCA has confirmed new rules designed to prevent harm to investors in the P2P sector. These rules have been devised to protect investors and allow firms and fundraisers to operate in a sustainable manner.

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development in finance is not new (Dermine (2016)), progress has arguably sped up. commonalities, but also key differences, such as in risk management rules for.. to structure investments as units in a (diversified) loan pool (ASIC (2017a), FCA. In this respect, P2P credit platforms operate similarly to online retail.

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.

Because even with the new guidance, the environment is still confused and complicated for exchanges, platforms and.

On 4 th 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.

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will introduce a new regulatory framework for the sector. Point-to-point (P2P) transport operators will be required to hold.

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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. When the FCA set its first rules for P2P, it committed to keep these under review as the sector evolved.

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