The Financial Conduct Authority (FCA) has launched a consultation that will be looking at the discretionary finance commission model. The FCA will be consulting on the new rules until 15 January 2020 and plans to publish final rules later in 2020.
Sue Robinson, NFDA Director, said: “Franchised vehicle retailers are committed to helping and providing clarity to the consumer. Clear rules are positive for the industry but we would urge that they are proportionate so there is a satisfactory outcome for both consumers and retailers. NFDA will be responding in-depth to the consultation”.
The National Franchised Dealers Association (NFDA) represents franchised car and commercial vehicle retailers in the UK.
ENDS
NOTES TO EDITORS
Gabriele Severini, NFDA Communications Manager
Tel: 0207 307 3423
Mob: 07880 039 897
Press Office direct line: 020 7307 3422
Press Office fax: 020 7307 3406
Web: www.nfda-uk.co.uk Email: gabriele.severini@rmif.co.uk
