Our website is set to allow the use of cookies. For more information and to change settings click here. If you are happy with cookies please click "Continue" or simply continue browsing. Continue.

Company Law

Analysis - guidance - compliance

05 JUN 2014

Practice Note for Consumer Credit Activity

Practice Note for Consumer Credit Activity
The Law Society has issued a Practice Note for any solicitors and their firms who wish to apply consumer credit activity.

This Practice Note clarifies the current regulations necessary for carrying out consumer credit activity. It points out that since 1 April 2014, group licensing and standard consumer credit licenses are no longer approved and now solicitors must adhere to FCA (Financial Conduct Authority) regulations; there will be no equivalent group authorisation available under the new regime. The Practice Note also gives advice about when you can carry out consumer credit activities, exemptions, getting permission and transitional arrangements and what to consider when undertaking consumer credit activities.

If you wish to find out more, click here to view the full Practice Note (updated 16 October 2014).

Corporate Borrowing

Law and Practice

The authority on corporate borrowing

More Info from £124.00
Available in Company Law Online
Gore-Browne on Companies

Gore-Browne on Companies

The pre-eminent source for interpreting and applying company legislation

More Info £1,476.00
Available in Company Law Online
Subscribe to our newsletters