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7th December 2017

The P2PFA today announced revisions to the industry standards it sets for peer-to-peer lending platforms. The new Operating Principles, which will come fully into force next April, include:

  • enhancements to the full and comparable disclosure of bad debt and likely returns for investors;
  • a ban on platforms borrowing or raising funds through their own platforms;
  • robust credit risk management policy and practice;
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