Emma RadmoreThe FCA has published its final rules and guidance on the new regulatory return (CCR009) that will collect data from firms with credit broking, debt adjusting, debt counselling and credit information service permissions. It has aimed to simplify the return so firms are clearer in what the FCA requires. The return will have 5 mandatory sections followed be tailored questions appropriate to the firm’s business.
The new return replaces parts of CCR002 and CCR007 and there will be an overlap with other returns while the FCA completes its full review of all credit-related returns, but it is providing some regulatory forbearance with the aim of minimising the need for firms to duplicate information.
Firms need to submit the return either annually (period ending 31 December) or half yearly (half year ending 30 June) depending on their size and within 40 business days of the end of the relevant period. The first reporting period will be that ending 31 December 2025 for all firms which meet the definition of “relevant ancillary credit firm” before 1 January 2026.