The FCA published Issue 6 of its Data Bulletin on 9 June 2016.

The Bulletin summarises key data on financial promotions, attestations, skilled persons and consumer credit authorisation, as published by the FCA in recent months.

Some key points to note are:

  • 1,977 financial promotions were reviewed by the FCA and 69 cases resulted in one or more promotions being amended or withdrawn.
  • A total of 22 fixed and flexible attestations were requested by the FCA during Q3 and Q4 2015/16, of which 3 fixed and 2 flexible were requested from firms within the retail banking sector. During the same period, the FCA commissioned 4 skilled persons reports within the banking sector (including building societies) and 3 within the consumer credit sector.
  • As at 31 March 2016, there were 33,853 consumer credit firms, of which 30,309 had been authorised and a further 3,544 had an interim permission. 36,582 firms had applied for authorisation equating to 66% of eligible firms.