FIN.

FCA Guidance on new credit broking exemption for registered social landlords

The FCA has updated FG18/6, which provides specific guidance for registered social landlords on when they may be carrying on regulated activities, to reflect the amendment introduced earlier this  year to the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.

This created a new exclusion from the regulated activity of credit broking for registered social landlords who provide fee-free introductions of individuals who want to enter into regulated credit agreements to a lender who meets certain specified criteria, including being a credit union, a community benefit society or a registered charity.

Avatar

Roseyna Jahangir