The Financial Conduct Authority has announced that a full representative example and APR is no longer needed in an ad where there are no credit charges and the APR is 0%.
This new rule applies to all 0% finance offers in any medium.
The decision follows consultation which began in December. The FCA said then the rule on representative examples served no useful purpose.
Jeremy has been a journalist for 30 years, 20 of which have been in business-to-business automotive. He was a writer and news editor on AM-sister brand Fleet News for three years before setting up the AM website. For the last five years he has been Bauer B2B’s head of digital helping to manage the digital assets of AM, together with Fleet News, Commercial Fleet, Rail and Smart Transport.
Login to comment
Comments
No comments have been made yet.