29/05/2025

Commission Disclosure Procedure

Hi All,

As you are already aware, the FCA implemented new rules on discretionary commissions and commission disclosure which were put in place by 28th January 2021.

Since the new rules were published in 2021, and because of a High Court Ruling in October 2024, it has been necessary to implement further changes to our commission disclosure procedure.

Attached is the amended Platinum Motor Group Commission Disclosure procedure.

Please read the procedure and reply via email to let me know that you have read and understood the changes.

The updated procedure will be added to Platinum Info Central, under the compliance section, for future reference.

As always, if you are unsure of any aspect of the procedure, please do not hesitate to contact me.

Kind regards,

Jane Pillinger

F & I & Compliance Manager
Platinum Motor Group