FCA authorised peer-to-peer (P2P) lenders are required to segregate their investors’ money from (a) their own money; and (b) any unregulated business-to-business (B2B) lending money they might hold, as well.
Some P2P lenders would find it easier, if they could treat unregulated B2B money and regulated P2P money in the same way; and that seems sensible – it would lower business costs, and safeguard B2B funds when they’re in the hands of a relevant platform. So the FCA is proposing to allow firms to do this. The FCA’s short consultation paper is available here. There’ll be a short consultation period too: it closes on 11 February 2016.