CCR2 Brexit
by their firms if they will be impacted by any of these changes. Customers living in the EEA could be
affected if they have a UK provider who cannot continue to operate in the EEA in the same way after the transition period. Many providers are planning to continue providing services. For example, banks plan to continue providing services to customers resident in the EEA. If a bank is no longer able to provide services in the EEA, the FCA expects they should give clients sufficient notice it plans to close an account. This will allow customers to look for alternative banking arrangements. At the end of the transition period there
may also be changes impacting travel insurance products that cover travel between the UK and the EEA. Customers who are likely to be impacted by this should visit the FCA website for information, and may want to check the position with their travel insurance provider in advance.
UK customers will still be able to make
payments and cash withdrawals in the EEA after 31 December 2020, but these may be more expensive and could take longer. From 1 January 2021, banks and payment services providers will also have to provide additional information when making payments between the UK and the EEA, which includes the name and address of the payer and payee. If this information is not provided there could be disruption to payments. If customers have important payments, particularly direct debits, going out of their account to a European company, they may want to check these are going through as normal from 1 January 2021. At the end of the transition period there
will also be changes to some of the financial protections for customers. UK customers of a UK firm will continue to have the same access as currently to the Financial Ombudsman Service and the FSCS.
If customers have important payments, particularly direct debits, going out of their account to a European company, they may want to check these are going through as normal
However, for UK customers of an EEA
firm that’s operating in the UK under the TPR, or under the FSCR, protections may be different. Customers of EEA firms should also be aware that these firms will not have been authorised or otherwise assessed by UK regulatory authorities before entering into these temporary regimes. CCR2
At Collect My Debt Limited we are able to collect any business-to-business related debt. Our main focus is to collect debts in full or put a sensible payment arrangement in place within 7 days of receiving your instruction. Collect My Debt do not charge any administration or up-front costs for implementing this type of service. There are sliding scales of commissions deducted from any monies collected:
Our Typical Recovery Success Rates are:
of business-to-business debts are recovered within
days of instruction
45% 2-3
of business-to-business debts are
68% recovered within days of instruction 7
of business-to-business debts are
89% recovered within 21-28 days of instruction
Available 24/7 Across 365 Days Tel: 0800 612 5161 Email:
info@collectmydebt.co.uk Web:
www.collectmydebt.co.uk
January 2021
www.CCRMagazine.com
29
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52