Firms will be required to submit a suite of regular reports to the FCA to ensure their on-going authorisation.
Firms with a Limited Permission will not be required to submit all of these reports, which are summarised below:
Reporting form | Which firms? | Summary of content |
|---|---|---|
Financial data | Full Permission | Key financial figures including capital, assets, liabilities, exposures, income and profits. |
Volumes | Full Permission | Revenue, customer and transaction volume, together with an indication of the main method used to generate income. |
Lenders | All lender firms | Breakdown of value and amount of loans, arrears and interest rates. |
Debt management | Debt management firms and large not-for-profit debt advice bodies. | Capital requirement and capital resources. Number of debt management plans ending early. |
Client money and assets | Debt management firms and not-for-profit debt advice bodies. | Highest balance and number of clients. Amount of client money held for longer than 5 days. |
Debt collection | Firms undertaking debt collecting including peer-to-peer lending platforms that collect debts due under the loans they facilitate. | Breakdown of number and value of debts by stage of placement. |
Key data | Limited Permission | Credit-related income, total revenue, number of transactions and complaints, main credit-related regulated activity. |
| Credit broking websites CCR008 | Brokers who may or will charge a fee in connection with credit broking activities. | To notify about the address for websites. |