FCA responds to IWG final report on MS19/1: Credit Information Market Study
The Financial Conduct Authority (FCA) has updated its webpage on MS19/1: Credit Information Market Study to note that it has published feedback to the Interim Working Group (IWG)’s final report, and provided an accompanying update. The FCA says it will continue to fund the IWG Chair and Secretariat resource for a short period, for the purpose of carrying out specific, essential transition activities that will allow the transition to the new Credit Reporting Governance Body (CRGB) to continue. Once these essential activities are complete and permanent CRGB staff are in place, the FCA will cease funding this staff resource and step away to allow industry to take forward the new governance body. The FCA says it expects this to be by the end of Q3 2025.