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Recent regulatory developments of interest to financial institutions with focus on consumer finance. This edition reports on FCA PS21/2 on the Breathing Space Regulations. See also our Related Materials links for updates with broader application.
Contents
Breathing Space Regulations: FCA PS21/2
Following its consultation in CP20/21, the UK Financial Conduct Authority (FCA) has published a policy statement, PS21/2, on changes to its Handbook in light of the Debt Respite Scheme (Breathing Space Moratorium and Mental Health Crisis Moratorium) (England and Wales) Regulations 2020 (Breathing Space Regulations), which come into force on 4 May 2021.