Consumer Credit miscellaneous changes take effect: Various changes to secondary legislation consequent on the changes to consumer credit regulation took effect on 7 March. They include:

  • a change to the Financial Services and Markets Act 2000 (FSMA) Exemption Order to exempt from the need for authorisation charities that operate electronic systems for lending in certain circumstances; and
  • changes to the FSMA (Regulated Activities) Order to ensure it complies with EU legislation in respect of credit broking activities.

(Source: Consumer Credit Miscellaneous Changes Take Effect)