Notice

Designation of banks and credit reference agencies for credit information regulations

This notice designates the banks and credit reference agencies to which the Small and Medium Sized Business (Credit Information) Regulations 2015 will apply.

From:
HM Treasury and Harriett Baldwin MP
Published
1 April 2016
Last updated
21 March 2019 — See all updates
This was published under the 2015 to 2016 Cameron Conservative government

Documents

Notice of Designation: Small and Medium Sized Business (Credit Information) Regulations 2015

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Small and Medium Sized Business (Credit Information) Regulations: Information sheet

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Details

The government has passed regulations that require designated banks to share information on their Small and Medium Enterprise (SME) customers, with the SME’s permission, with designated credit reference agencies (CRAs) which must provide equal access to this information to all finance providers. This will open up access to SME credit data, levelling the playing field between the major banks and alternative finance providers.

Update 21 March 2019: Dun & Bradstreet Limited added to the list of designated Credit Reference Agencies.

Updates to this page

Published 1 April 2016
Last updated 21 March 2019 + show all updates

  1. Updated today (21 March 2019) with revised 'Notice of Designation: Small and Medium Sized Business (Credit Information) Regulations 2015'.

  2. Updated: applications from Credit Reference Agencies and Finance Platforms

  3. First published.

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