Arena hosts FREE webinars on FCA regulation changes.

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Arena's latest webinars help car dealerships navigate new waters in relation to the FCA's recent changes on consumer finance.

Listen to March 31st webinar NOW

Sign up for April 30th webinar

Buying a car is a big decision, owing in part to its financial implications. With an array of financing options available to customers, and incentive structures between lenders and brokers, motor finance has significant regulatory interaction.

The FCA has recently proposed changes to how finance brokers are remunerated, criticising commission models and supporting improved disclosure to customers. These conduct issues are subject to even greater scrutiny following the introduction of the Senior Managers & Certification Regime. Regulatory intervention is now high in an industry unaccustomed to FCA presence.

Compliance specialists at Konexo, a division of Eversheds Sutherland, are co-presenting two webinars with Arena Group to help your business understand significant recent and upcoming regulatory change in the motor finance industry, how to manage regulatory response, and key impact on governance in your dealership.

Part I on 31st March covered the origins of FCA Consultation Paper CP19/28 and its proposed industry changes, including:

• Changes to commissions, disclosures and expected timeframe
• The FCA’s regulatory agenda for the motor finance industry
• The importance of treating customers fairly
• Impact on affordability and lending culture
• Accounting for vulnerable customers

Click here to hear the March 31st webinar

Part II on 30 April 2020 will build on the first part of the series by exploring how to avoid business arrangements giving rise to conflicts of interest and how to oversee the process.

• Recap of key incoming changes
• The FCA’s expectations on conflicts of interest
• Key impact on firm governance and oversight
• Tie-in with the Senior Managers and Certification Regime
• Managing regulatory response
• Developing a robust compliance programme

Click here to register April 30th webinar

Each session feature a Q&A with Konexo and Arena.

The webinars are FREE free and informative, with insights and guidance on some practical steps you can take to protect your business from risk. You can sign up to one or both. Everyone that registers will also receive a link to the recorded version if you find that you can't make it on the day.

View our services for car dealerships, case studies, and other resources here.

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