Treasury makes CC transitionals order: Treasury has made the FSMA 2000 (Consumer Credit) (Transitional Provisions) Order which takes effect on 1 April. The Order will enable firms whose consumer credit (CC) licence is suspended immediately before 1 April to get interim permission from FCA if they successfully appeal against the suspension. The Order, also makes transitional provisions in relation to disciplinary and enforcement notices served by the Office of Fair Trading. (Source:Treasury Makes CC Transitionals Order)

Treasury makes Banking Reform Act Orders: Treasury has made the first commencement order under the Financial Services (Banking Reform) Act 2013 (the Banking Reform Act). The Order brings various parts of the Banking Reform Act into force on 1 March either generally or for the purpose of making rules or secondary legislation. A transitional provisions order allows the chief executive of the Financial Services Compensation Scheme as at 1 April 2014 to be treated as if that person had been approved by the Treasury under the Banking Reform Act. (Source: Banking Reform Act Commencement Order Number 1 and Banking Reform Act Transitionals Order)