Resource Library

The BVRLA’s second Compliance Forum of the year took place earlier this week at Shoosmiths in Birmingham. As ever, the latest changes and developments impacting the regulatory landscape were explored, with a host of expert speakers identifying where technical changes impact BVRLA members and their operations.

Customer expectations in the motor finance sector are shifting rapidly, shaped by an evolving media landscape, wider economic pressures, and high-profile court cases influencing perceptions of how finance is delivered.

A £1 million campaign has been launched to let motor finance customers know they don’t need to use a claims management company (CMC) or law firm to access an industry-wide compensation scheme the regulator is proposing.

A new anti-fraud law came into effect on 1 September 2025, designed to hold large organisations to account if they profit from fraud.

The Compliance Forum returns on 15 September, once again hosted by Shoosmiths in Birmingham. Wayne Gibbard, Partner at Shoosmiths, a popular speaker at the Forums, will be presenting the keynote.

The BVRLA has confirmed the headline partner for this October’s Leasing Broker Conference, marking the first time the event has been supported by a vehicle manufacturer. Forming a key part of its UK launch, which officially kicked off in London last week, Chery has outlined its commitment to the leasing broker sector by sponsoring the Conference.

How to remain compliant in a changing regulatory environment will be the focus of the BVRLA’s upcoming Compliance Forum. The half-day event takes place on Monday 15 September in central Birmingham.

The Government has confirmed its intention to preserve the Appointed Representatives (AR) model, while introducing targeted reforms to strengthen confidence in its use.

The Financial Conduct Authority (FCA) is undergoing a period of active engagement with industry representatives to shape a consultation on a motor finance redress scheme. The redress consultation is due to run from October, with a scheme likely to be in place by early 2026.

The presence and activity of claims management companies (CMCs) in the motor finance sector is being observed by the FCA and SRA, with expectations for the conduct of CMCs being published in response to the recent Supreme Court judgement.

The Financial Conduct Authority (FCA) has issued a warning following reports of scammers posing as motor finance lenders and offering non-existent compensation to consumers.

The BVRLA has published a ‘Frequently Asked Questions’ document to provide practical answers to many of the questions members have raised since the Supreme Court’s ruling on the motor finance case “Hopcraft and another (Respondents) v Close Brothers Limited (Appellant)”