I mentioned a while back that you will need to be looking out for the pending changes in regulation of Consumer Credit. Control of this passes to the FCA on 1st April 2014 and this will require you to take some action.
The OFT and the FCA have recently issued a joint letter, (15th July) presumably to all licence holders, to give them warning of the changes.
It would seem that the term 'late summer' has firmed up slightly to 'September' as the time at which you will need to register with the FCA. Presumably more details will follow from them soon along with the expected cost of doing so. In the meantime the joint letter advises you to check the OFT register to make sure that your details (name address, trading styles etc) are correctly recorded with the OFT at the present time and that you are correctly registered for the categories of activity that you need.
What are the correct activities? That would depend on what you actually do as a business . If you are unsure please feel free to contact me via the blog or directly to david.c.payne1@btinternet.com.
It is suggested that it will be easier to sort any updates before you have to apply to the FCA and I think that this is a reasonable assumption. If you don't have correct registration, you could be trading illegally, of course.
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