Consumer Credit Update

This post is just to let you know that there has been more activity on the CCL front. Firstly, the FCA have confirmed that for Sole Traders the cost of interim registration for CCL activities is £150 and for other firms it is £350. This is a one-off payment due at the time that you apply for interim permission.

The second point is that you will be  able to apply for interim permission from 1st September 2013. The FCA will write to you, according to their web site, when the interim permission system opens to explain what you have  to do and how to remain compliant. In other words this system will be  available from September but not necessarily from the 1st.

The  third point is that if you have not already done so, you should check your Consumer Credit Entry on the CCL register.

You will need to check the following: -

1. Name, 
2. Address, 
3. Company Details and 
4. that the licence covers the activities you want to continue after 1st April 2014.

If any of these details are incorrect you will need to change them before you apply for interim permissions with the FCA.