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FCA tells motor finance firms to maintain their funding levels

By Josh White

Date: Friday 12 Apr 2024

(Sharecast News) - The Financial Conduct Authority (FCA) wrote to motor finance firms on Friday, stressing that they must maintain adequate financial resources at all times.
The communication came amid the regulator's ongoing review of historical motor finance discretionary commission arrangements (DCA), revealing varying approaches among firms in accounting for the...

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