The regulator has published details of key enforcement actions, including arrests and bans, in its latest annual report and accounts published last week.
FCA
Our regular roundup of the latest news and developments from the FCA.
Four commercial parties have challenged the scheme – Consumer Voice, Volkswagen Financial Services, Mercedes Benz Financial Services, and Crédit Agricole Auto Finance.
The FCA said the changes are part of its plans to give wholesale firms the confidence to apply the Duty proportionately.
The full scope of regulated activities under the regime will expand from October 25, 2027.
The FCA wants the regime to be proportionate, while the industry has welcomed regulatory clarity.
Our regular roundup of the latest news and developments from the FCA.
The regulator's investigation did not reach a clear conclusion on whether competition law was infringed or not, and the traders themselves have not made any admissions.