FCA is consulting on draft guidance explaining how it will interpret provisions of the CCA in relation to the enforcement of security under a regulated credit agreement or a regulated consumer hire agreement. FCA has revised its view of how a court is likely to interpret the relevant CCA provisions and is consulting on this change prior to issuing guidance. FCA now thinks that taking or demanding payment from a guarantor would amount to enforcement of security for the purposes of the CCA and so would require a default notice. It asks for views by 18 March. (Source: FCA consults on guidance on enforcing security under the CCA)