Code of Practice
The cdfa Code of Practice
As CDFIs are subject to varying regulatory regimes, none of which cover the whole sector in a clear and transparent way, the cdfa wished to bring in shared standards which would go towards building stakeholder confidence.
We therefore developed our Code of Practice, with mentoring from the FSA – and it has subsequently been welcomed by the Office of Fair Trading, public funders, trusts and foundations.
Existing Members have one year to comply with the Code or risk termination of membership. The cdfa board will review membership of members that do not wish to comply with the code.
New members will be given a copy of the Code with their application form and, upon entry, have a year to meet it (with the exception of Associates who will need to meet the Code before becoming full Members).
The Code of Practice is tied to cdfa’s Change Matters Performance Framework, a financial, organisational and impact monitoring and assessment tool which examines CDFIs in three key areas.
