News Details

03 Sep, 2013

More on Consumer Credit

The Financial Conduct Authority has confirmed that HM government has decided to initiate a rebate to CCL holders to reflect the ending of the OFT?s oversight on 31 March 2014.

The Financial Conduct Authority will be issuing further guidance on this in the Autumn.

The FCA will charge Sole Traders ?150 and most other Firms will have to pay ?350.  Those Firms that Register before the 30th November 2013 will be entitled to a 30% discount for the interim license.

Firms therefore are advised to review their current license requirements and make preparations for to apply for an interim license that will run until October 2014.

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