The FCA’s Consumer Credit Reference Booklet (CONC) applies to All credit-related regulated activitiesincluding consumer lending, credit cards, consumer leasing, credit brokerage and debt-related services.

Who is not in conc scope?

The legislation does not apply to:

limited company. Local authorities. Charity. A partnership of four or more partners.

What does conc in FCA stand for?

This Consumer Credit Information Booklet (CONC) is a professional resource manual for regulated activities related to credit.

What is Concentration Regulation?

The Consumer Credit Reference Booklet (CONC) includes Rules that encourage consumer credit companies to lend responsibly and help companies assess customers’ ability to repay credit… The PRA also recently issued a statement directing companies to review prudential requirements related to consumer credit.

Who does the FCA regulate?

Financial Conduct Authority (FCA) regulation Financial Services Industry in the UK. Its roles include protecting consumers, maintaining industry stability, and promoting healthy competition among financial service providers. The FCA works with the UK Treasury.

Remy Ma – Conceited (There’s Something About Remy)

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