Latest updates from the FCA
PCP Claims Timeline:
Financial Conduct Authority (FCA)
Stay up-to-date with the latest FCA milestones and important deadlines that impact your PCP claim. Our timeline gives you a clear view of the key dates, regulatory updates, and submission requirements to help keep your claim on track. With Courmacs Legal, you’re informed every step of the way.
Timeline of Key Events
Quarterly FCA Updates
The FCA issues quarterly updates on PCP-related cases, adding guidance or new requirements as needed.
The Supreme Court begins reviewing
The Supreme Court begins reviewing whether car dealers and brokers owe a fiduciary duty to customers and if undisclosed commissions breach that duty.
The Supreme Court confirms it will hear
The Supreme Court confirms it will hear the case following pressure from regulatory bodies, including the FCA.
FCA Further Consultation
The FCA launches a new consultation to explore expanding the scope of the pause and addressing broader issues with DCAs.
Court of Appeal Judgements
The Court of Appeal delivers key rulings in three high-profile DCA cases, clarifying legal positions for claimants and lenders.
FCA Announces Pause Extension
The FCA formally extends the DCA complaint handling pause until 4 December 2025, allowing more time for analysis and review.
FCA Consultation on Extending the Pause
The FCA begins consulting on extending the DCA complaint handling pause, citing delays in data collection and ongoing legal challenges.
FOS Finds in Favour of DCA Claimants
The Financial Ombudsman Service rules in favour of claimants affected by Discretionary Commission Arrangements (DCAs), strengthening their case for compensation.
Firm Compliance Reporting
Financial institutions report their adherence to new guidelines, with the FCA monitoring for continued compliance.
PCP Claim Submissions Open
Consumers affected by potential PCP mis-selling can now officially submit claims for review.
Compliance Deadline for Financial Firms
The FCA requires all financial institutions to meet updated standards for PCP transparency and affordability assessments.
Consumer Rights Directive Update
New guidelines strengthen protections for PCP consumers, emphasising clear terms and transparency from financial firms.
Preliminary Findings Released
Initial FCA findings suggest that many PCP agreements lacked clear explanations, indicating possible mis-selling.
FCA Launches PCP Investigation
The FCA begins a review to assess if PCP agreements were being mis-sold, focusing on transparency and affordability.