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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