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News for Members

01 September 2015

CCA Chairman Appointed to FCA Smaller Business Practitioners Panel

PhilWe are delighted to announce that Chairman of the CCA, Phil Carey has been appointed to the FCA Smaller Business Practioners Panel (SBPP) today.

The panel consists of experienced senior practitioners from smaller regulated firms who are able to make a case from an industry perspective, ensuring that the views and concerns of smaller firms are represented.  Phil's role as CEO of the Kensington Friendly Society not only allows him to represent the friendly society movement but to also comment on any FCA issues which may impact on the home credit sector. 

The Smaller Business Practitioners Panel has a broad statutory remit to advise the FCA, reviewing its activities each year and deciding on the focus and priorities for discussion over the following year.  As part of the Panel’s aim to provide early and effective practitioner input into the FCA’s policy development from a smaller firm perspective, it has identified three themes which are important:

  • Proportionality
  • Regulatory certainty
  • Communication and engagement with firms

 

With these themes in mind the Panel has set the following priorities for the year:

  • Effective financial advice and RDR post-implementation
  • FCA thematic reviews
  • FCA awareness of risks – both deliberate and due to expectations gap
  • FCA data collection and usage
  • FCA new responsibilities – consumer credit

 

Phil comments on the new role "I am really looking forward to making a positive contribution for both the friendly society movement and where applicable, the home credit sector as a whole."

Phil's appointment is initially for a three year term, with the possibility of extending for a further three years.

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CCA News - January 2015 cover

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