The FCA are launching their latest credit broking survey on 5th of July. The launch comes off the back of the pilot survey which the FCA sent to 300 firms and ran across June. The survey aims at updating the information which the FCA hold about firms that are authorised for credit broking and how they are using this permission.
The survey will be sent to all remaining firms with credit broking permissions from 5th of July. Firms will have 15 working days to submit their responses and takes around 30 minutes to complete.
The FCA has reminded firms that under Principle 11 they must deal with their regulators in an open and cooperative way. Where firms do not complete the survey, the FCA will likely contact them to understand the reasons for not responding.
Over the past 12 months there has been an increase in phishing emails made to look like they have been sent from the FCA. With this in mind, the FCA have confirmed that this survey will come from either FCA@fcanewsletters.org.uk or FCACreditBrokingSurvey@fca.org.uk.