Consultation item

A new approach to financial regulation: Transferring consumer credit regulation to the Financial Conduct Authority (HM Treasury) - TSI response - May 2013

TSI response (PDF 42KB). TSI welcomes the change but is concerned that the transition period may be too short. Due to economic pressures, some local authority trading standards officers with expertise in this field have been lost and TSI is concerned whether the Financial Conduct Authority (FCA) would be able to provide the necessary central guidance. TSI would support a Memorandum of Understanding between the FCA, the Association of Chief Trading Standards Officers, and the National Trading Standards Board.