Regulatory change
Whitepaper: are you ready for Breathing Space in May 2021?
arum newsroom ·
UK
Think the Breathing Space moratorium is the same as the FCA forbearance rules you already follow? It is not, and the operational differences are the ones that catch firms out.
Read our latest whitepaper
Think the new Breathing Space moratorium legislation is the same as previous FCA regulations? Think again.
A new 60-day Breathing Space moratorium comes into force on 4 May 2021 across all debt type and industries.
We're already working with creditors on implementing the necessary changes, and it's very different to anything that's come before. You'll need to adapt your processes, interfaces and systems to include: matching customer details, placing customers on moratorium hold, halting actions and communications, and implementing new processes. Time is running out.
How can you ensure you're compliant? Our consultants have written a guide for you to stay prepared for the new legislations coming in May 2021.
Keep reading
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