CCR009 reporting checklist
Preparing for a CCR009 return is much easier when information is organised throughout the year rather than gathered at the last minute.
Many FCA-authorised motor dealers only realise how much information may be required when the FCA reporting window opens in RegData. By that stage, information can be spread across multiple systems, making preparation more time-consuming than it needs to be.
This CCR009 reporting checklist will help motor dealers prepare for their FCA reporting obligations and avoid common mistakes.
CCR009 is an FCA regulatory return completed through the FCA's RegData reporting system. It is used to collect information from firms carrying out certain consumer credit activities, including credit broking.
Many FCA-authorised motor dealers are required to complete CCR009 as part of their ongoing regulatory reporting obligations. The return helps the FCA understand how consumer credit firms operate, generate revenue and conduct regulated activities.
Before preparing any information, check that CCR009 applies to your business.
The easiest way to do this is by reviewing your reporting schedule within RegData. This will confirm which regulatory returns apply to your firm and when they must be submitted.
You should also ensure that your FCA permissions accurately reflect the activities carried out by your business.
Most motor dealers completing CCR009 will need access to information relating to finance introductions made during the reporting period.
This may include details about:
Keeping accurate records throughout the year can make this process significantly easier.
CCR009 includes questions relating to revenue generated from regulated activities.
Before completing the return, ensure you have access to the relevant financial information and supporting records.
Many reporting issues occur simply because businesses leave this exercise until the reporting deadline is approaching.
The FCA uses CCR009 to better understand how firms operate.
Consider whether there have been any significant changes to your business during the reporting period, including changes to:
Having this information available in advance can help make completing the return more straightforward.
CCR009 may include questions relating to how your business promotes its services.
Consider the marketing methods used during the reporting period, including:
Maintaining a record of marketing activity can make reporting easier and more accurate.
Some CCR009 questions relate to staff involved in regulated activities.
Before completing the return, identify the individuals involved in:
Keeping records up to date throughout the year can save considerable time when reporting deadlines arrive.
Before submitting your CCR009 return, take time to review the information carefully.
Check that:
A simple final review can help reduce the risk of avoidable errors.
Some of the most common issues include:
Because CCR009 contains questions tailored to a firm's permissions and activities, businesses should ensure they understand exactly what information applies to them.
Many dealerships only start reviewing their CCR009 return when the reporting deadline approaches.
This often leads to unnecessary administration, delays and last-minute searches for information that could have been recorded throughout the year.
By maintaining organised records and reviewing reporting requirements regularly, motor dealers can make the CCR009 process quicker, easier and more efficient.
No. Whether CCR009 applies depends on the firm's FCA permissions, activities and reporting profile. Dealers should review their reporting schedule within RegData.
CCR009 is completed and submitted through the FCA's RegData reporting system.
The exact questions vary between firms, but commonly relate to permissions, business model, marketing, revenue and staff involved in regulated activities.
The best approach is to maintain records throughout the year rather than waiting until the reporting window opens.
009 Compliance provides administrative support to FCA-authorised motor dealers throughout the UK.
We can help you organise records, prepare information and understand the administrative requirements associated with CCR009 reporting.
Please note that we do not provide regulated advice. Responsibility for reviewing, approving and submitting regulatory returns always remains with the authorised firm.
If you need help preparing for your next CCR009 return, contact 009 Compliance today.
