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The Financial Conduct Authority (FCA) has published a statement addressing ongoing legal challenges relating to its proposed motor finance redress scheme.
The statement confirms that the FCA is continuing to monitor developments in relation to the legal process and is engaging with relevant parties as matters progress. It also reiterates the regulator’s intention to provide clarity and certainty for consumers and firms through the scheme.
The FCA notes that the outcome of legal proceedings may have implications for the timing and delivery of the redress scheme, and that further updates will be provided as appropriate.
The statement can be found in full on the FCA website.
Any questions for the BVRLA can be directed to [email protected].
