We’ll soon be able to include peer-to-peer (P2P) loans in our ISAs. The UK Government thinks this will materially increase the number and aggregate value of the P2P loans we enter into each year; but it’s concerned that unregulated firms will give poor advice to P2P lenders about the merits of lending, and buying and selling rights under P2P loans. So it’s making advising a P2P lender, and facilitating the transfer of rights under a P2P loan, regulated activities. The statutory instrument that will effect these changes was published in draft yesterday. (If made in its current form), the instrument will begin to come into force the day after it’s made, and be fully in force from 6 April 2016. There’ more information about the draft instrument in the Explanatory Memorandum that’s available here.