The National Association of Commercial Finance Brokers (NACFB) will hold an extraordinary general meeting on 23 September in the Hilton Metropole in Birmingham to help its members cope with the changes the association is planning on making in response to regulation.
The meeting will deal with changes emerging as a result of the creation of appointed representatives (ARs) by the Financial Conduct Authority (FCA), which a number of brokers have applied for.
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Since 1st April 2014, brokers have been able to apply to the FCA as either principals or appointed ARs, as opposed to requiring full FCA authorisation, and the NACFB is planning to revise its code of practise and constitution in order to accommodate the new regulatory landscape
The meeting has been called in order for its members to vote on these potential changes.
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