Advising On P2P Agreements Fca

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Advising On P2P Agreements Fca

9
Sep,2021

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It states: “They [interviewees] argued that because of the difficulty of measuring the risks associated with P2P agreements, there would be a limited interest from existing consultants in providing advice on P2P agreements and that they would likely remain `unsused` investments unless this situation changed.” (P2P agreements are also referred to as Article 36H agreements and should not be confused with P2B when individuals lend to companies or with B2B when companies lend to companies. For more information and information about crowdfunding, follow these links – FCA Crowdfunding Review, Summary of Crowdfunding Regulation). By default, companies have obtained permission to advise on P2P agreements, which allows companies that intend to engage in this area to do so – but should take into account the need for consultants to be competent in every aspect on which they advise clients. Investors who invest their money in P2P investment offers following a personal recommendation from a financial advisor will “use the FSCS” (Financial Services Compensation Scheme), the FCA said. This should “protect them from the failings of authorized consultants,” he said. The regulator also said retail investors can file complaints about the service they receive in relation to advice on P2P deals with the Financial Ombudsman Service. Consultants must take appropriate steps to ensure that their personal recommendations on P2P investment opportunities are suitable for their clients, and other incentive rules also apply, the FCA said. People who advise on P2P agreements must also be “duly monitored and deemed competent to carry out this activity (including obtaining adequate qualification),” he said. If you decide that your company will not discuss P2P agreements now or in the future and you want to remove the authorization, you can submit a variation of the authorization request via Connect.

The ACF said that companies that claim to be independent should not be required to consider P2P agreements when recommending investment products for retail investors to a retail investor, which supported the majority of responses to the consultation. . . .

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