01Aug

Firms are reminded of the following application periods which expire shortly.

June 1 to August 31 2015:

• Consumer credit firms in the ‘Other’ sub-category, i.e. who do not fall under any of the other categories on the FCA’s application period direction document, and who are located in London or the North of England
• Consumer hire firms
• Debt administrators
• Firms of all types wishing to act as principal to one or more appointed representatives

July 1 to September 30 2015:

• Debt purchasers
• Lenders who fall into the ‘Other unsecured lending’ sub-category, i.e. who do not fall under any of the other categories on the FCA’s application period direction document, and who are located in London or the North of England
• Consumer credit firms in the ‘Other’ sub-category, i.e. who do not fall under any of the other categories on the FCA’s application period direction document, and who are located in Scotland, Northern Ireland; or Southern, Eastern or Central England

August 1 to October 31 2015:

• Credit brokers who are authorised by the FCA for investment business
• Other credit brokers who are located in the North of England
• Peer-to-peer lending firms
• Providers of running account credit who are located in London or the North of England
• Lenders who fall into the ‘Other unsecured lending’ sub-category, i.e. who do not fall under any of the other categories on the FCA’s application period direction document, and who are located in Scotland, Northern Ireland; or Southern, Eastern or Central England
• Lenders in the ‘Other secured lending’ category
• Non-commercial debt counsellors
• Firms whose main business is not financial services, and who lend money without the addition of interest and charges, and who are located in London or the North of England

Any firm which has not applied to upgrade their interim permission to full or limited permission by the end of their allocated period must cease conducting credit activities.