Blemain Finance is urging secured loan brokers to attend an event aimed at bringing them up to date with new Financial Conduct Authority (FCA) regulations.
The event – the third of its kind – is entitled Secured Loan Brokers: Preparing for FCA regulation workshop. It takes place at the Finance & Leasing Association (FLA) in Kingsway, London on Monday 28 April.
On April 1 this year, consumer credit regulation transferred from the Office of Fair Trading (OFT) to the FCA, which includes the regulation of both lenders and brokers in the second charge mortgage market.
This one day workshop aims to provide a comprehensive overview of the new regulatory framework and the governance, systems and controls, processes and procedures secured loan brokers will need to have in place.
Tracey Bailey, head of residential underwriting at Blemain Finance, said: “The first two events held in March were fully subscribed and all those who attended told us that they were really useful and informative.
“Many more brokers were telling us that they wanted to attend, and the AFB and FLA have been able to satisfy that demand which is very supportive.
“FCA regulation is one of the most significant changes to happen to this industry in years and it is vital that brokers are well informed about its implications.
“The FLA have recruited a top team of speakers to ensure that everyone who attends the event leaves feeling confident that they have more information about the changing regulatory environment.
“We are also investigating the possibility of hosting another event in the north of England, if the demand is there.”
Topics covered at the London event will include the Consumer Credit Source Book, systems and controls requirements, preparing for authorisation and approved persons.
The event is aimed at all staff responsible for the regulatory changes within secured loan broker firms, particularly those who will be Approved Persons.
Speakers will include Robert Sinclair and Alex Revell, of the Association of Finance Brokers, Ray Watson and Jeanette Harwood, of Walker Morris and Fiona Hoyle, head of consumer finance at the FLA.
There will also be an opportunity to ask questions about the new regulatory regime.
