Jiahuang Capital: UK regulatory agencies' car loan compensation plan may face judicial review

Sina Finance reported on March 31st that Jiahuang Capital Markets stated in a research report that after the UK Financial Conduct Authority launched an investigation into the issue of commission payments in car loan agreements, it is highly likely that at least one party involved will request the Administrative Court to judicially review the compensation plan for the entire industry. Judicial review aims to verify whether decisions made by public institutions are lawful and fair. These analysts said, "We believe that the UK Financial Conduct Authority also anticipated this situation, and they have divided the final rules into two options, one covering cases before 2014 and the other covering cases after 2014."