Notice

Notice of Designation: Small and Medium Sized Business (Finance Platforms) Regulations 2015

Updated 1 March 2018

This was published under the 2016 to 2019 May Conservative government

© Crown copyright 2018

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This publication is available at https://www.gov.uk/government/publications/designation-of-banks-and-finance-platforms-for-finance-platforms-regulations/notice-of-designation-small-and-medium-sized-business-finance-platforms-regulations-2015

0.1 Designated Banks

Unless indicated otherwise below, any entity which is a finance provider for the purposes of the Regulations at the date of this notice and which is a member of a banking group headed by the following entities is a designated bank:

  • AIB Group (UK) Plc (t/a First Trust Bank)
  • Bank of Ireland (UK) Plc
  • Barclays Bank Plc
  • Clydesdale Bank Plc
  • Northern Bank Ltd (t/a Dankse Bank)
  • HSBC Bank Plc
  • Lloyds Banking Group Plc
  • Royal Bank of Scotland Group Plc
  • Santander UK Plc

The following finance providers are members of the above banking groups but are not designated for the purposes of the Regulations:

  • Adam & Company PLC
  • AIB Group (UK) Plc (t/a Allied Irish Bank (GB))
  • Barclays Private Bank Ltd
  • Cater Allen Ltd
  • Coutts & Company
  • HSBC Private Bank (UK) Limited
  • Lloyds Bank Private Banking Limited

0.2 Designated Finance Platforms

The entities listed below are designated Finance Platforms:

  • Alternative Business Funding Ltd.
  • Funding Options Limited
  • FundingXchange Limited
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