FCA reporting comparison
Many FCA-authorised motor dealers are familiar with CCR007 and have recently become aware of CCR009 following changes to the FCA's consumer credit reporting framework.
One of the most common questions asked by motor dealers is whether CCR009 has replaced CCR007. In most cases, the answer is no.
CCR007 and CCR009 are separate FCA regulatory returns. Many FCA-authorised motor dealers are required to complete both returns as part of their ongoing reporting obligations. Understanding the purpose of each return can help businesses prepare more effectively and avoid confusion when FCA reporting deadlines approach.
CCR007 is an FCA regulatory return completed through the FCA's RegData reporting system.
The return collects information relating to consumer credit activities and remains a reporting requirement for many FCA-authorised motor dealers.
CCR007 forms part of the FCA's wider regulatory reporting framework and helps the FCA monitor activity within the consumer credit sector.
For many motor dealers, CCR007 has been a familiar reporting requirement for several years.
CCR009 is a newer FCA regulatory return introduced as part of changes to consumer credit reporting.
The return is designed to provide the FCA with a broader understanding of how consumer credit firms operate, generate revenue and conduct regulated activities.
CCR009 contains core sections relating to:
Additional questions are then tailored to the firm's permissions and regulated activities.
Many FCA-authorised motor dealers are now required to complete CCR009 alongside other FCA regulatory returns.
Although both returns are submitted through RegData, they collect different types of information.
CCR007 focuses on specific consumer credit reporting requirements, while CCR009 gathers broader information about how a firm operates and conducts regulated activities.
CCR009 is also more tailored to the firm's permissions and business model, meaning that different firms may see different questions within the return.
| CCR007 | CCR009 |
|---|---|
| FCA regulatory return | FCA regulatory return |
| Submitted through RegData | Submitted through RegData |
| Commonly required for FCA-authorised motor dealers | Commonly required for FCA-authorised motor dealers |
| Focuses on specific consumer credit reporting information | Focuses on permissions, business model, marketing, revenue and staff |
| Forms part of a firm's wider FCA reporting obligations | Forms part of a firm's wider FCA reporting obligations |
While both returns are linked to consumer credit reporting, they serve different purposes and should not be treated as interchangeable.
In many cases, yes.
A common misunderstanding is that CCR009 replaced CCR007 entirely. However, many FCA-authorised motor dealers continue to have obligations to complete both returns.
The exact reporting requirements for a business depend on its permissions, activities and FCA reporting profile. The most reliable way to confirm which returns apply is by reviewing the firm's reporting schedule within RegData.
The introduction of CCR009 created understandable confusion across the motor trade.
Many businesses assumed that the introduction of a new return meant that an older return had disappeared. In reality, FCA reporting requirements are determined by the permissions and reporting profile assigned to each firm.
This means that two dealerships operating in a similar market may still have different reporting obligations.
The easiest way to check is by logging into the FCA's RegData system and reviewing your reporting schedule.
This will show:
You should also review your firm's FCA Register entry to ensure that your permissions accurately reflect the activities carried out by the business.
Some of the most common reporting issues include:
Maintaining accurate records throughout the year can make FCA reporting significantly easier.
No. CCR007 and CCR009 are separate FCA regulatory returns that collect different types of information.
For many FCA-authorised motor dealers, no. CCR007 and CCR009 are often completed alongside one another as part of a firm's FCA reporting obligations.
Both returns are important where they form part of a firm's reporting schedule. Businesses should ensure all required FCA returns are completed accurately and on time.
The FCA's RegData system provides a reporting schedule showing which regulatory returns apply to your firm and when they must be submitted.
FCA reporting requirements are based on a firm's permissions, activities and reporting profile. As a result, different businesses may have different reporting obligations.
009 Compliance provides administrative support to FCA-authorised motor dealers throughout the UK.
We can help you understand your reporting obligations, organise records and prepare information before FCA reporting deadlines.
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 understanding CCR007, CCR009 or other FCA reporting requirements, contact 009 Compliance today.
