24 May 2018
Find out how to use this material and how the Finance & Leasing Association (FLA) is the leading trade association for the UK motor finance industry.
Finance Product Knowledge
Learn about the different types of finance products that are offered to potential car buyers.
Learn about the regulation and rules which surround the sale of car finance products.
Updates included in 24 May training material:
General update of information including the addition of any relevant FCA workstreams and regulatory developments
Product Knowledge - Module 9 - Module renamed 'Secured Loans' material on mortgages removed
Regulatory Knowledge - Module 3 - FCA permission and authorision - Removal of material on 'interim permissions'
Regulatory Knowledge - Module 5 - Pre-contractual requirements - Know Your Customer updated with FLA standard for the prevention of financial crime
Regulatory Knowledge - Module 8 - Vulnerable customers and mental capacity - Reference and link to FLA vulnerable customer guidance added
Regulatory Knowledge - Module 13 - The General Data Protection Regulation - Module updated to cover GDPR
Regulatory Knowledge - Module 15 - Removal of references to FLA conciliation scheme which is no longer in operation under the FLA's Lending Code
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