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This week I met with senior officials for consumer credit at the FCA. The meeting was called by the FCA to explore how they could communicate more effectively with the retail motor sector and specifically franchised dealers. Topics discussed included the importance of maintaining an ongoing dialogue with the FCA, lack of communication regarding the motor inquiry which has led to incorrect speculation by the press, consultants and finance houses. This will be the first of regular quarterly meetings with NFDA and the FCA. We will keep you abreast of our discussions with them.
On Tuesday, NFDA will be giving evidence at the Palace of Westminster with regards to the Business, Energy and Industrial Strategy (BEIS) Committee’s inquiry into electric vehicles. Our written submission, has been published by the BEIS Committee and can be found here: http://bit.ly/2sNTpR1.
Included in this week’s newsletter is the bulletin from the Department for Exiting Europe (DExEU) which covers an update on Brexit, including the Prime Minister’s speech and European security – an interesting read!
As you may know, new car labels are in the process of being reviewed. NFDA has been asked to assist in analysing the potential cost implications that any change could have for dealers. To give your feedback, please complete the survey at: https://www.surveymonkey.co.uk/r/VK8ZQYM. We would really appreciate your assistance.
There are still places available for our final GDPR workshop on 9 March in Warwick. It is important for members to keep abreast of the forthcoming regulatory changes so I would urge you to attend. To book your place email email@example.com
NFDA is your trade association: we represent, you benefit. If you need any help or require any legal assistance, please ring our member helpline on 01788 538303.
Sue Robinson, NFDA Director