FLA decides against mandating commission disclosure in code of conduct

May 10, 2024

Comprehensive briefing on commission disclosure and the historic review of motor finance agreements to take place at the AFC Conference UK on 6th June. The long-anticipated project to mandate commission disclosure as part of the Finance & Leasing Association (FLA) code of conduct is not now going ahead. In a private note to members, the FLA has indicated that they will rely instead on the regulator who they expect will consider enforcing disclosure through regulation. An update about Financial Conduct Authority (FCA) intentions is expected later this year.