FCA cracks down on peer-to-peer home finance platforms

Pedro Gonçalves
clock • 3 min read

The UK market regulator has introduced new rules to protect investors using peer-to-peer platforms (P2P) amid concerns of overexposure to the small but growing sector that just a week ago saw P2P lender Lendy collapse. Individuals will not be permitted to have more than 10% of their assets in peer to peer investments unless they have taken financial advice, under new rules proposed by the Financial Conduct Authority (FCA). This will stop investors "over-exposing" themselves to risk, the...

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