Context
The FCA has, as indicated in its publication last week of the Policy Statement introducing the new CCR009 consumer credit data report, updated its Consumer Credit reporting web page and has included eight different flow diagrams indicating how the ‘branching logic’ will work in the various sections of the new CCR009 returns. The published details include an infographic of the phases of the implementation of the new reporting and the replacement of existing CCR returns.
These data flow diagrams will need to be viewed alongside the details of the whole of the new CCR009 return to allow a realistic view of how the answers to certain questions will determine which subsequent questions a firm will be asked to complete (see page 45 of 136 in the Policy Statement PS25/3, numbered page 15 of 105 of the draft rules section)
Key points to note and next actions
The data flow diagrams are split into two sets of four, one set being for firms which are not Principal firms with ARs, and one set for firms which are Principal firms:
CCR009: General data flow diagram
CCR009: Debt adjusting / debt counselling data flow diagram
CCR009: Credit broking data flow diagram
CCR009: Providing credit information services data flow diagram
CCR009: General (principal with appointed representatives) data flow diagram
CCR009: Credit broking (principal with appointed representatives) data flow diagram
CCR009: Debt adjusting and or debt counselling (principal with appointed representatives) data flow diagram
CCR009: Providing credit information services (principal with appointed representatives) data flow diagram