Research and analysis

The Small and Medium Sized Business (Finance Platforms) Regulations PIR

RPC’s Opinion on HMT’s PIR covering The Small and Medium Sized Business (Finance Platforms) Regulations

• From: Regulatory Policy Committee
• Published: 25 November 2020

Documents

RPC Opinion: The Small and Medium Sized Business (Finance Platforms) Regulations

PDF, 87.7 KB, 4 pages

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Details

The PIR reviews the regulations that required designated banks to pass on details of SME applicants which do not meet the lending requirements to private sector finance platforms. These platforms could then match referred businesses to an alternative credit provider. HMT recommends to retain the regulations.

It is green rated, fit for purpose.

Published 25 November 2020