FCA introduces new rules for P2P platforms

Following a post-implementation review of its crowdfunding rules, the Financial Conduct Authority (FCA) is opening a consultation on new rules for loan-based crowdfunding platforms. The changes the FCA is proposing are designed to address the ways in which the loan-based crowdfunding model has developed since the FCA last reviewed the sector in.

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FCA to introduce new rules for P2P platforms. On 4 June 2019, the FCA confirmed that it is introducing new rules for peer-to-peer platforms. The new rules are intended to protect consumers without stifling innovation in the sector.

As originally proposed, the FCA is placing a limit on investments in P2P agreements for retail customers new to the sector of 10 per cent of investable assets. This is an important means of ensuring that they do not over-expose themselves to risk.

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The UK’s financial regulator, the Financial Conduct Authority (FCA), today announced new rules for peer-to-peer (P2P) lending platforms.. Christopher Woolard, executive director of strategy and competition at the FCA, said: "These changes are about enhancing protection for investors while allowing them to take up innovative investment opportunities.

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 says it has concerns about peer-to-peer lending, which is now a. as peer- to-peer (P2P) lenders – and investment-based platforms.. The FCA will next year sound out new rules to address the problems it has found.

The Financial Conduct Authority has denied it produced draft rules. platforms.” Mr Wombwell-Povey said this suggests the FCA believes non-peer to peer lenders will become Innovative Finance Isa.

The Financial Conduct Authority (FCA) is introducing rules to strengthen protections for investors using peer-to-peer (P2P) and investment based lending platforms based on tighter governance and robust risk management systems

We have confirmed new rules for P2P platforms to prevent harm to investors, The FCA has also said it is strengthening rules on plans for the.