2010 Protecting business finance customers and providers - The Consumer Credit Directive and Revised FLA Business Finance Code - Programme

Programme

08.45    Registration and Coffee


09.15    Opening comments and overview
              Julian Rose, FLA, Head of Asset Finance & Data Policy

09.20    The Consumer Credit Directive Regulations: UK Implementation
              Jo Davis, Partner and National Head of Asset Finance and Regulatory

  • Opening and Introductions
  • A brief look at the Regulations and their requirements
  • Change to the existing Consumer Credit Act regime
  • What must lenders have in place by January 2011? 
  • Early Repayment, APR, Amortisation Statements and Guidance to Systems Changes
  • Training and Communications to Suppliers, Dealers and Brokers and other Intermediaries
  • Ensuring Best Practice and adopting an Industry approach


10.20    The SECCI and the New Contractual Requirements
              Roger Dobson, Associate, Regulatory Team

  • Advertising
  • New Pre Contractual Information and format
  • What changes are required to your contracts?
  • What format should the contracts take? 
  • Cancellation rights and the New Right to Withdrawal#
  • Hire and Leasing Agreements CCA v Conditional Sale and Hire Purchase Agreements CCD


11.20    Coffee break

11.35   Responsible lending in the UK and the OFT’s Guidance, Credit Worthiness and
             Adequate Explanations
             Natalie Evans, Solicitor, Asset Finance and Regulatory Team

  • What is currently considered ‘Irresponsible Lending’? 
  • The Commission’s consultation on Responsible Lending and Borrowing in the EU
  • The interaction between the Consumer Credit Directive and Irresponsible Lending
  • The OFT’s powers and approach to enforcement action against Irresponsible Lending
  • A Practical Guide to Implementation of New Adequate Explanation and Credit Worthiness Requirements


12.35    Final Checklists, Questions and Answer session and Closing Remarks
              Jo Davis, Partner, National Head of Asset Finance and Regulatory

13.05    Lunch


 
FLA Business Finance Code


13.50    Introduction
              Simon Trudgeon, GE, Chair of FLA Technology Group

14.00   Overview of the revised Business Finance Code
             Professor Iwan Davies, Pro-Vice Chancellor, Swansea University,
             Chair of FLA Code Group

  • Purpose of the Code
  • Key changes to the Code agreed in 2009
  • Role of FLA Code Group
  • Annual member statement
  • Complaints handling process


14.20   Good practices in working with vendors and brokers
             Julie Henehan, CIT, Vice-Chair of FLA Technology Group (Chair)
             Jo Davis, Shoosmiths
             Mike Ramsey, Persona Training
             Daniel Proctor, Proctor Consulting
             Rod Tonna-Barthet, Annodata Communications, Former Chair FLA Technology Group
             Adam Tyler, NACFB

  • Contractual safeguards when dealing with vendors and brokers
  • Controlling vendors’ and brokers’ sales practices
  • Lease calculation sheets and fit with the Business Finance Code
  • Spotting rogue vendors


15.15    Coffee break

15.30    Protecting the asset finance industry’s reputation
              Melanie Chell, HBJ Gateley Wareing
              Russell Hamblin-Boone, Head of Communications, FLA

  • Overview of recent press and on-line coverage of leasing
  • Steps to protect firm and industry reputation
  • Case study of complainant approaching media


16.00    Good practices when dealing with the public sector users

  • Code requirements when dealing with the public sector
  • How to meet the Code requirements


16.20    Conclusions
              Simon Trudgeon, GE, Chair of FLA Technology Group

 

Attached documents