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September 20, 2013

Consumer Credit Changes

Any supplier of equipment, machinery or vehicles who introduces regulated business (sole traders and partnerships) must already hold a Consumer Credit Licence but these will now all expire on 31 March 2014. Suppliers should all be applying for interim permission to work under the FCA (Financial Conduct Authority) and must have received such permission in order to conduct regulated activities from 1 April 2014.

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Any supplier of equipment, machinery or vehicles who introduces regulated business (sole traders and partnerships) must already hold a Consumer Credit Licence but these will now all expire on 31 March 2014. Suppliers should all be applying for interim permission to work under the FCA (Financial Conduct Authority) and must have received such permission in … Continued
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