Peer-to-Peer Lending - How to Meet Your Regulatory Obligations
‘Peer-to-peer lending’ (also known as ‘loan-based crowdfunding’ and ‘marketplace finance’) involves finance agreements with individuals as lenders and/or borrowers. It has come a long way since Zopa launched this important form of alternative finance in the personal loan market in March 2005.
Since then, platforms have capitalised on challenges in the banking sector to make available over £6bn a year in secured and unsecured funding across the UK economy.
The FCA rules have evolved significantly in line with different models adopted by platform operators and understanding this regime has become even more important as the current economic turbulence again opens up opportunities for growth in non-bank finance.
What You Will Learn
The webinar will cover the following:
- The features required to be operating an electronic system in relation to lending
- Transaction and funds flows
- Key contractual concepts and features
- Platform operators acting as Innovative Finance ISA Managers
- Different models for handling funds (including IFISA and non-IFISA)
This webinar was recorded on 14th September 2020