FIN.

Treasury creates RAO exemption for social landlords

A new exclusion from the regulated activity of credit broking will cover registered social landlords who introduce individuals to credit unions, community benefit societies, community interest companies limited by guarantee, registered charities or their subsidiaries or a subsidiary of a registered social landlord. But the exclusion will apply only where the landlord receives no fee (broadly defined).  The change takes effect on 23 July.

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Emma Radmore