Consultation outcome

CMA review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007: Launch Consultation

This consultation has concluded

Detail of outcome

The CMA has published its provisional decision that changes in circumstances have taken place with the effect that Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007 are no longer appropriate and should be revoked by means of a variation order. It is now consulting on this provisional decision.

Feedback received

Anonymous

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Consumer Credit Trade Association (CCTA)

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Mutual Clothing and Supply Company Limited

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Warwick Financial

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Original consultation

Summary

The CMA has launched a formal review of Part 3, Article 29, and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007. It is consulting on potential changes in circumstance and potential outcomes resulting from any change found.

This consultation ran from
to

Consultation description

We are publishing launch decision concerning a review of Part 3, article 29 and Part 1 of Schedule 4 of the Home Credit Market Investigation Order 2007.

The CMA is now seeking views from interested parties on:

  • potential changes in circumstance that may mean that the relevant parts of the Order are no longer appropriate

  • if such changes are identified, whether they mean that the relevant parts of the Order should be varied or revoked

  • in the case of identifying the need to vary the Order, what are the proposed changes that could be made.

The CMA is not reviewing the remainder of the Order, which remains outside the scope of this consultation.

The information received will assist the CMA in reaching a decision on whether or not to launch a review of those parts of the Order.

Respondents should provide their views supported with relevant evidence where possible, in writing to the CMA at the address below.

The CMA requests that all submissions be accompanied by a non-confidential version which the respondent would be willing to have published on the CMA website at the time that the CMA’s provisional decision is published.

Contact

Email: remedies.reviews@cma.gov.uk (Subject line: Home Credit)

Documents

Updates to this page

Published 28 February 2024
Last updated 12 July 2024 + show all updates
  1. Provisional decision and public feedback published.

  2. First published.

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