From: FPRA [mailto:email@example.com]
Sent: 07 March 2018 11:47
To: ‘firstname.lastname@example.org’ <email@example.com>
Subject: CP18/3: Consultation on SME access to the Financial Ombudsman Service and Feedback to DP15/7: SMEs as Users of Financial Services
For the attention of James Tallack.
Thank you for giving us the opportunity to respond to this consultation.The Federation of Private Residents Associations is the national body that represents leaseholders in England and Wales, which we do via their own Residents’ Associations, Resident Management Companies, Flat Management Companies, Right to Manage Companies, Commonhold Associations and similar groups. We are often referred to as the voice of leaseholders and have around 500 member organisations that we represent.
We welcome the proposals in outline but are concerned that the proposals may not incorporate all of our membership because of the diverse and unusual nature of leasehold in England and Wales. Financial matters are handled by all of the extensive list above of different types of organisations which deal with leasehold, and more. And we would strongly urge you to discuss with the leasehold section at the Ministry of Housing, Communities and Local Government who will also be aware of the extensive separate legislation affecting money and funds relating to leasehold property and its management.
It is not appropriate and we do not have the resources as a volunteer-run organisation for us to respond to your specific questions but hope that having brought this to your attention, you will take the necessary action.
Please be aware that FPRA has on many occasions been in contact with the FCA and Treasury because of the failure to incorporate leasehold into thinking about protection and things such as those you are now consulting on.
A great deal more information about our organisation can be found on our website and if you need specific help, we would welcome hearing from you.
Please acknowledge this response.
For the FPRA Admin Office