𝗡𝗢𝗧𝗜𝗖𝗘: 𝗨𝗽𝗱𝗮𝘁𝗲𝗱 𝗥𝗲𝗴𝘂𝗹𝗮𝘁𝗼𝗿𝘆 𝗚𝘂𝗶𝗱𝗮𝗻𝗰𝗲 𝗼𝗻 𝗗𝗶𝘀𝗰𝗹𝗼𝘀𝘂𝗿𝗲𝘀 𝗮𝗻𝗱 𝗕𝘂𝘀𝗶𝗻𝗲𝘀𝘀 𝗣𝗹𝗮𝗻 𝗥𝗲𝗾𝘂𝗶𝗿𝗲𝗺𝗲𝗻𝘁𝘀 𝗥𝗲𝗹𝗮𝘁𝗶𝘃𝗲 𝘁𝗼 𝘁𝗵𝗲 𝗖𝗼𝗼𝗹𝗶𝗻𝗴-𝗢𝗳𝗳 𝗣𝗲𝗿𝗶𝗼𝗱 𝘂𝗻𝗱𝗲𝗿 𝘁𝗵𝗲 𝗙𝗖𝗣𝗔 𝗜𝗥𝗥

As seen on SEC’s Official Facebook page –

The Securities and Exchange Commission (SEC), through the Financing and Lending Companies Department (FLCD), issues updated regulatory guidance on disclosure and Business Plan requirements relative to the cooling-off period under the Implementing Rules and Regulations of the Financial Products and Services Consumer Protection Act (FCPA-IRR).

𝗔𝗹𝗹 𝗳𝗶𝗻𝗮𝗻𝗰𝗶𝗻𝗴 𝗮𝗻𝗱 𝗹𝗲𝗻𝗱𝗶𝗻𝗴 𝗰𝗼𝗺𝗽𝗮𝗻𝗶𝗲𝘀 are directed to review and align their loan documentation, disclosure practices, and Business Plan submissions accordingly.