Welcome to the UKGI weekly regulation update service for Aviva ABC brokers

Context

The FCA has published Quarterly Consultation Paper 51 – CP26/8.  There is one item of note for our clients (see Chapter 4 and Appendix 3) in relation to making a correction to a change made in error in SYSC 1.5.3R in PS25/3 (the CCR009 Consumer Credit Returns Policy Statement) and to make minor amendments to SUP 16 to correct discrepancies in the wording used in the Consumer Credit Returns.

Key points to note

• The changes at SYSC 1.5.3R (4)(a) and 5(a) are unlikely to be relevant to our clients, as they relate to a minor wording change in the section headed “Definition of a significant SYSC firm”.
• The Consultation contains, in paragraph 4.10 on page 21, a table outlining which sections in the CCR009 return (i.e., which data fields) are subject to corrections to minor discrepancies in the wording used. None of these affect the meaning of the data fields, but the FCA is proposing to align the wording. The changes to the questions listed in the table cover:
  • adding the product/section name to the question itself to make them clearer when completing the form
  • using more consistent wording/options across sections to avoid potential misunderstanding; and
  • spelling mistakes/incorrect cross referencing.
• Some examples of the above are (words struck through are current Handbook words being removed, and words underlined are proposed new text):
  • “Please provide us with the following information:
  • “114A-W – Total For motor vehicles on credit agreements, total number of introductions made by your firm (excluding activity of your appointed representatives, if you have any)”
  • “203A    If you have selected ‘’W – Other reason’’, then please specify why you have you not used your debt adjusting and/or debt counselling permission.?”
  • 222A-M – Total For debt solutions offered and administered by your firm, total revenue for your firm (excluding activity of your appointed representatives, if you have any) of derived from commission per debt solution type”
  • “Section 2.4.4: Debt solutions offered by your firm via appointed representatives but administered by another firm via appointed representatives”
• The FCA invites comments on this Consultation paper, and comments should reach the FCA by 13 April 2026 for Chapter 4.  Comments may be sent by electronic submission using the online response form on the FCA’s website, or by emailing cp26-8@fca.org.uk.