News Story

Our new inspection programme: your questions answered

The new inspection programme: your questions answered
Release Date: 
08/06/2018

The BVRLA is inviting leasing broker members to submit any questions that they may have about the new inspection programme, to help members to get to grips with the enhanced programme. Here are a few recent questions and answers:

The BVRLA is inviting leasing broker members to submit any questions that they may have about the new inspection programme, to help them get to grips with the enhanced audit. Here are a few recent questions and answers:

Q: What time scales do brokers have to act on your recommendations for RED areas?

A: Due dates will be given for each action point identified and presented in the member’s action plan. As RED areas are a breach of FCA rules and/or our Code of Conduct, we would expect these to be addressed urgently and would require a response from the member within one week to detail their action plan/completion of the item.

Q: What happens if I arrange a date for my inspection and then need to cancel?

A: It is important that members ensure that the date they agree for an inspection to take place is suitable as any cancellations within 7 days prior to the visit will incur a charge of £500.

Members are invited to submit any questions to BVRLA Compliance Executive, Adam Holt.