KPA + ComplyNet’s Post

🚗 Follow KPA for the latest updates on regulatory requirements, industry trends, and best practices to keep your automotive business running smoothly. Don't miss important insights and tips to ensure compliance and success. Head over to the KPA page and hit that follow button now! #CompleteCompliance #Automotive 🛠️✅

Is your dealership compliant with the latest laws and regulations in your area? Did you know that Vanguard Dealer Services Dealer Services provides dealer audits to ensure that your dealership is compliant? DM me to learn more about Dealership Compliance Review services. https://lnkd.in/exSFJhpC #Compliance #AutoDealers #VanguardDealerServices #DealerAudits

This week we asked our partner, Travis Salisbury, “How can a dealership ensure they are compliant with all federal, state, and local regulations?” Here’s what insight he had to give. Ensuring compliance with federal, state, and local regulations is paramount for automobile dealerships. Here are some key steps to stay on track. - Stay Informed: Keep abreast of all regulatory updates at the federal, state, and local levels. - Training: Provide comprehensive training to staff on compliance requirements and regularly update them on any changes. - Checklists: Much like training, checklists are a great way to ensure that staff are compliant with regulations at all levels of a customer transaction. - Documentation: Maintain thorough records of all transactions and compliance efforts. - Internal Audits: Conduct regular internal audits to identify any areas of non-compliance and address them promptly. - Partner With Experts: Collaborate with legal and compliance experts to navigate complex regulations effectively. By prioritizing compliance, dealerships can mitigate risks and build trust with customers and regulators alike. #Compliance #AutomotiveIndustry #RegulatoryCompliance" **Disclaimer: This insight is not legal advice but for educational purposes for others to learn more**

Dealership compliance is about more than laws and regulations. It’s about protecting your business and your customers. Discover the perks of a trusted compliance solutions partner like JM&A Group: https://hubs.li/Q02KS1Y50 We help safeguard all areas of your store with top-tier training and services that are tailored to promote your dealership’s goals and success. #jmagroup #dealerships #compliance #automotive

Attention Auto Dealers! Stay compliant with the FTC Safeguards! Our essential 22-page comprehensive guide includes: ✔️ 9 key requirements and coverage options ✔️ Detailed breakdown of how these major changes impact your business and how to stay compliant ✔️ Shareable knowledge pack for your entire team Ensure your dealership is fully prepared for these critical laws. Get your copy today: https://lnkd.in/gEUBtYmi #AutoDealers #FTCSafeguards #Compliance #IndustryGuide

This is an important date for your diary 31/07/2024 The Consumer Duty Board Report is due. Although, you will not need to send this board report to the FCA, you will need to provide it if you are asked. We have started to share some videos that may help answer some questions when completing the CDBR head over to our YouTube channel to watch them. https://lnkd.in/dU6i7jhz #CaringNotScaring #ConsumerDuty #Automotive #Compliance

Let's start the year with an important topic: customer #audits! 2024 was kicked off with a VDA6.3 (P5-P7) and a Capacity audit, which we have passed with a 91% result! Last year we had 11 customer audits, mostly from the automotive industry, but we had also medical-related customers, who came to check throughout if we matched all the specific and detailed requirements. The bases of the audits were: #VDA6.3 (P2-P7 or P5-P7), #iatf16949, #iso13485, #iso9001 or the given customer's own auditing system. The results are something we are very proud of, on average we have achieved 95%! The other usual feedback we receive from the auditors is that the transparency and friendly attitude they find at Parafix, create a very effective and unstressful environment, in which it is easy for them to do their jobs. Existing and new customers are welcome to us in 2024 for audits and visits, we have an open door to our partners! INNOVATE. SUCCEED. REPEAT. PARAFIX. #audit, #compliance, #automotive, #medical, #ParafixHungáriaKft.

Update on MVDA Amendments Following recent consultations, the Ministry of Public and Business Service Delivery has implemented changes to the Motor Vehicle Dealers Act (MVDA). As of July 1, 2024: · Motor vehicle dealers and salespersons are no longer required to return their registration certificates when they cease to be registered. · Registrants have 30 days to provide warranty documents and payments to warranty sellers. · Registrants are required to include contact information that the registrant chooses (rather than a business telephone number) in advertisements, provided that the same contact information is published on OMVIC’s public database of registrants. · Cross-appointments between OMVIC’s Board of Directors and the Motor Vehicle Dealers Compensation Fund (MVDCF) Board of Trustees are prohibited. Provisions that are related to the transition from the outdated Motor Vehicle Dealers Act have been removed from the general regulation. As of January 1, 2025: · The required Canadian Motor Vehicle Arbitration Plan (CAMVAP) statements will be simplified and registrants will be required to include a general statement on CAMVAP in all contracts. As of January 1, 2026: · Registrants will be required to complete continuing education requirements that the registrar specifies before renewing their registration. The updated regulation is available on the Ontario e-Laws website. The ministry is evaluating the remaining proposals from its consultation and may propose further regulatory and legislative changes to enhance consumer protection ,so stay tuned! For any questions regarding compliance with the new amendments, please contact OMVIC’s dealer support team at dealers@omvic.on.ca or call 1-800-943-6002 Ext. 4.

These Consumer Duty workshops are a must! They address key challenges like co-manufacturing and the latest FCA updates on value assessments and outcomes. A great way to get clear guidance. Don’t miss the chance to register! https://lnkd.in/eQ_s_WRj #ConsumerDuty #TrainingWorkshop #FCAfeedback #Insights

📢 Attention Dealerships! 🚗 Our platform offers comprehensive access to all the example policies and resources you need to ensure every aspect of regulation and best practice is meticulously documented. 📚✅ Stay compliant, stay ahead! 🚀 #BusinessSolutions #Compliance