Dear Colleague,

This week, the Financial Conduct Authority (FCA) launched a consultation to propose changes to discretionary finance commission models. We have had a number of meetings with the FCA and continue to regularly liaise with them. We highlighted that the new rules must be proportionate to ensure a satisfactory outcome for both consumers and retailers. The FCA will be consulting on the new rules until 15 January 2020 and plans to publish final rules later in 2020. Please find a summary in the newsletter.

The autumn 2019 edition of our magazine, The Voice, has been published. It features updates on the Electric Vehicle Approved (EVA) scheme, Drive My Career, the latest NFDA Dealer Attitude Survey, the NFDA Spring Ball and more. It also includes all dates and venues of our next round of regional meetings taking place in December to help you ‘prepare for 2020’. You can read your copy online or download it.

AM Live will be back on 7 November 2019. Following the success of the previous events, we have been working again with AM to create an insightful day for automotive retailers. The final agenda has been released and you can register to attend here.

NFDA is the voice of automotive retailers: if you need any assistance, please do not hesitate to contact our member helpline at 01788 538303.

Sue Robinson, NFDA Director