Compliance & risk management - Page 7
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Financial watchdog to crack down harder, faster in more public probes
Several key shifts in the UK financial watchdog’s enforcement strategy could see motor retail finance providers subject to far more rapid investigations, allowing less time to respond in a fast-moving enforcement environment.
FCA confirms DCA complaints handling pause to December 2025
Car loan providers and dealerships won't need to give a final response to customer complaints related to discretionary commission arrangements (DCAs) for more than a year while the regulator continues to tackle the issue.
MOT testers call on DVSA to reduce administrative burden
Most MOT staff would support calibration companies being allowed to upload calibration certificates directly into the DVSA’s MOT Testing Service (MTS), according to a recent poll conducted by management platform MOT Juice.
Government must act now to stabilise used EV market, demands industry
The government needs to take immediate action to prevent further instability in the used electric vehicle (EV) market which is undermining confidence in the transition to electric cars and driving up the cost of new EVs.
BVRLA warns 2030 ICE phase-out faces major challenges without support
The British Vehicle Rental and Leasing Association (BVRLA) has raised concerns about the feasibility of the UK Government's 2030 Phase Out target for new internal combustion engine (ICE) vehicles.
Mercedes EQE fire forces OEMs in South Korea to reveal identity of EV battery suppliers (video)
Mercedes-Benz has been forced to disclose its electric vehicle (EV) battery suppliers following an explosion in South Korea that triggered a nationwide safety investigation.
Younger drivers less assured in car buying and ownership decisions, finds The Motor Ombudsman
Stark generational differences in ‘Car Confidence’ exist when it comes to buying and owning a vehicle, according to a Censuswide survey of 1,000 UK drivers, commissioned by The Motor Ombudsman.