FCA launches post-implementation review of peer-to-peer lending
Recently, the Financial Conduct Authority (FCA) launched their post-implementation review of the crowdfunding industry, which is how lending platforms like Funding Circle are regulated. When regulation was first introduced in 2014, the FCA confirmed plans for a post-implementation review in 2016 to ensure regulation for the industry remains relevant, and we’re pleased the review has now been launched. At Funding Circle we have always supported regulation and we’re looking forward to responding over the next few months.
This review will not affect the ongoing process for full authorisation with the FCA. We continue to work closely with them and will confirm to investors as soon as we have received our full authorisation, which will enable us to launch the Funding Circle ISA.
The Funding Circle Team.