The UK Watch Dog instructs the bank to prepare for a remedy for car loans.

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When you join the UK Financial Regulations MyFT Digest, you will be directly delivered to the received letter.

The UK's financial watchers said they are trying to start the industry's overall relief plan for customers who misplace auto finance when preparing for the Supreme Court's Supreme Court case in this sector next month.

The financial acts said on Tuesday that all relief systems will require banks to contact the lost customers due to a wide range of failures and provide appropriate compensation according to the rules of watch poison.

The claim system, which requires a loan agency to choose or not select a review to see if it is qualified to be compensated for customers, can pay more than consumers complain.

The FCA said it would like to provide as much certainty as possible to companies, consumers and stakeholders.

Therefore, in consideration of the decision of the Supreme Court, we confirm that it is possible to consult with the company's bailout plan after concluding that it has been lost from a wide range of failures of the company.

The FCA said it will announce a decision to introduce such a system within six weeks after the Supreme Court's ruling.

The court will decide whether or not the confidential fee paid by a car dealer is illegal to provide car loans if the customer does not provide prior consent.

The regulatory agency, which has reviewed the potential misunderstandings of auto finance since early last year, also said that the rules can be adjusted to reflect the Supreme Court ruling.

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The UKS Supreme Court is expected to announce the decision until this summer after hearing this incident early next month.

HSBC's analysts estimate that auto financial scandals can pay 44 billion lenders. It will make a compensation system the biggest type.

Benjamin Toms, an analyst at RBC Capital Markets, said that the requirement that the loan agency should provide compensation in advance means that the company does not comply with the requirements and the customer will have a 100 %payment.

TOMS added that it is not clear that a company that deleted customer records after seven years after the regulatory guidelines can contact people for auto financial transactions by 2007.

The outlook for the auto financial system occurs as a regulatory agency conducts a review of the UKS compensation framework to investigate the method of avoiding repetition of such mass relief in the future at the request of the Treasury.

The FCA added that the remedy will be simpler than that of complaining. He also added that customers can switch to a claim management company.

He also added that it will be more orderly and efficient for companies than a complaint -led approach, and will contribute to the market that works well in the future.

The regulators have had a wide range of power to force the industry's relief system since 2010, but have been doing twice.

The first was for investors at Arch Cru Funds, which assumed that regulators received more than 3.1 million reliefs in 2012. Second, it was about 160 million British steel pension recipients to compensate for them for inadequate advice last year.

The FCA granted a rules on how to deal with the bank's dissatisfaction with the wrong sales of payment, which led to nearly 5 billion won in the industry. However, the regulatory agency did not impose a relief system.

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