FCA publishes interim feedback following post-implementation review
In July, the Financial Conduct Authority (FCA) launched their post-implementation review of the crowdfunding industry, which is how lending platforms like Funding Circle are regulated. Following this, the FCA have today published their interim feedback on how the review is progressing. You can find out more by reading this statement from the FCA.
We welcome the FCA’s review and fully support the focus on investor protection and disclosure. At Funding Circle, we publish performance data on every single loan. You can download this and look at other marketplace data on our statistics page.
We will continue to work closely with the FCA over the next year as they complete their review. We will be able to launch the Funding Circle ISA once we have received full authorisation from the FCA, and we will let you know when we have an update from the regulator on this.
If you have any questions please get in touch.
The Funding Circle team