FCA has issued a statement concerning peer-to-peer (P2P) applications for full authorisation. FCA reports that, as at 30 March, eight firms had been fully authorised to operate P2P platforms. There are a further 86 firms awaiting a decision, of which 44 have interim permission. Firms with interim permission were previously licensed by the Office of Fair Trading and are able to continue carrying out consumer credit activities until FCA decides whether to fully authorise them. FCA notes that only P2P loans on platforms operated by firms with full authorisation will be eligible investments for the Innovative Finance ISA (IFISA), which launched on 6 April. (Source: FCA makes statement on P2P authorisation applications)