Petition · past parliament
Urge the FCA to reconsider its proposed marketing restrictions for P2P lenders
Closed
155 signatures
What the petition asks
The recent proposed changes contained within the Financial Conduct Authority (FCA)'s consultation on peer-to-peer lenders proposes that obstacles be placed in the way of investor involvement, unless investors can prove they are sophisticated, a HNW, a professional or under professional advisement.
Peer-to-peer lending was always meant to embody the idea that the old financial order was fundamentally not fit for purpose and needed renewal. For example if banks didn’t pass on interest rate rises to savers, online lenders would. And they have.
The FCA should rethink its approach and trust the investor to make the right decision about what they do with their investments. Better regulation of peer to peer lending is required but narrowing down choice isn’t the right way to go.
The FCA should rethink its approach and trust the investor to make the right decision about what they do with their investments. Better regulation of peer to peer lending is required but narrowing down choice isn’t the right way to go.
Timeline
| 20 Sep 2018 | Petition opened for signatures |
| 20 Mar 2019 | Closed to new signatures |
Key facts
Signatures
155
Status
Closed
Opened
20 Sep 2018
Closed
20 Mar 2019
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Source: the official petition page. Last checked 15 Jul 2026.