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Monday, 2 September 2013

Applying For Interim FCA Consumer Credit Permission?

The Financial Conduct Authority is now open to receiving applications for interim permission to engage in consumer credit activity beyond 1 April 2014. Registrations prior to 30 November 2013 qualify for a 30% discount on the registration fee.

Here's the FCA's step-by-step guide; a timeline, which includes consultation on the regulatory details later this month followed by workshops around the country from October to March. There is also some information on being supervised by the FCA; and a note of the differences in the scope of the OFT and FCA regimes.

Here's the OFT's page on the topic.