Breathing Space Regulations Course

Breathing Space Regulations apply to creditors whose debtors are eligible for an arrangement allowing them additional time to repay their debt. During this period, creditors need to suspend all actions related to this debt.

These regulations provide debtors with legal protection from creditors, allows for greater control over their financial situation and help to avoid unmanageable debt.

Our Breathing Space Regulations Course outlines the basis of these regulations, explains how to identify debtors who qualify for breathing space, and the required actions.

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Breathing Space Regulations

About this Course

Available as part of our FCA Compliance Library.

Learning Objectives

This course will prepare you to:

  • Explain what the Breathing Space Regulations are
  • Comply with these regulations appropriately
  • Recognise how these regulations interact with FCA rules and guidance
  • Identify which firms and types of consumer credit are in scope
  • Avoid the consequences of non-compliance

Course Outline

Welcome

The Breathing Space Regulations

- Why are these regulations needed?

Types of arrangements

- Eligibility for arrangements
- You make the call: Include in an arrangement?

How Breathing Space arrangements work

- What do creditors need to do?
- Further obligations for creditors

Breathing Space duration

How to communicate

- You make the call: Is it good practice?

What happens when it's over?

What does the FCA say?

Why follow the rules?

What happens if creditors do not comply?

- Scenario: Gerald
- Scenario: Jenny

Summary

Affirmation

Assessment

FCA Course Library

Our FCA Course library of over 60 training modules covers everything from high-level and conduct of business standards to thematic topics, including treating customers fairly.

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Course Specifications

 

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Structure

Approximately 25 minutes followed by a 10-question assessment.

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Audience

Suitable for all staff - examples and interactivities designed for staff at all levels. No previous knowledge or experience is required.

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Design

SHARD-compliant, responsive display on all devices, accessibility on screen readers, visual design controlled via client style sheet.

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Test-Out

Ability to offer optional test-out, whereby users can choose to skip the course content and complete the learning assignment by simply passing the assessment 

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Compatibility

All Windows, Mac OSX, iOS, Android (Flash-free for mobile compatibility). AICC and SCORM 1.2-compliant, suitable for both hosted and deployed SCORM or AICC.

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Tailoring

Fully customisable on Skillcast Portal CMS.

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Translation

Pre-translated versions not available, but all text content can be exported for translation into all languages.

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Localisation

Based on UK legislation, but suitable for global audiences upon the removal of UK-specific references and translation as necessary.