The National Association of Commercial Finance Brokers (NACFB) is inviting all its members to a special interim conference on 23 September.
It is being help to support the next set of changes the NACFB says it has to make in response to the regulated environment.
Since 1April 2014 the FCA has given commercial finance brokers wider options and we have seen the emergence of Principals and Appointed Representatives (ARs) within our sector. The NACFB’s Code of Practice and Constitution are been revised to accommodate a new regulatory landscape not only being led by the FCA but also by its lenders and funders.
The trade body says it cannot make any changes to its practices without of course reverting to its members to approve the changes that it feels are necessary to keep the commercial finance broking industry in line with the demands of 2015 and beyond.
The NACFB has secured the services of a regulatory lawyer whose task is to oversee some constitutional reforms and the redrawing of critical documents such as its code of practice. It says it will be engaging with the membership before it reaches the EGM along with the regulator, its patrons and other trade associations.
The interim conference and EGM will be held on 23 September at the Hilton Metropole in Birmingham.