Ms Caroline Castle
Caroline Castle is a Practice Development Lawyer in the Restructuring and Insolvency practice at Pinsent Masons in Leeds. Her particular expertise covers a wide variety of non-contentious and contentious restructuring, recoveries and insolvency work including distressed business and property disposals, lender security reviews and enhancement and business support.
Practice Area
Panels
- Contributing Author
- Specialist Panel
Qualified Year
- 2003
1 Contributions by Caroline Castle
PRACTICE NOTES
FCA consumer credit regime and insolvency: permissions, exclusions, professional body exemptions, FSMA Part XX/XXIV powers, and debt recovery compliance risks (UK)
This Practice Note outlines consumer credit law following the shift of regulatory supervision to the Financial Conduct Authority (FCA). It considers key changes affecting insolvency practitioners (IPs). For further reading on consumer credit agreements, see Practice Notes: Regulated activities relating to consumer credit and The FCA consumer credit regime: an overview of rules on arrears, default and recovery...
Regulatory oversight
From 1 April 2014, oversight of consumer credit moved from the Office of Fair Trading (OFT) to the FCA. As part of this transition, the OFT licensing scheme under the Consumer Credit Act 1974 (CCA 1974) was replaced by the FCA’s authorisation regime under Part IV(A) of the Financial Services and Markets Act 2000 (FSMA 2000)...
If a firm had:
a consumer credit licence on 31 March 2014; and
applied before 1 April 2014 for interim permission under FSMA 2000 and paid the fee
it remained authorised from 1 April 2014, with a landing slot to apply for either full or limited permission. If a firm did not satisfy both of...
Restructuring & Insolvency
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