- Latest available (Revised)
- Original (As made)
The Small and Medium Sized Business (Credit Information) Regulations 2015
You are here:
- UK Statutory Instruments
- 2015 No. 1945
- PART 5
- Regulation 17
What Version
Advanced Features
- Show Geographical Extent(e.g. England, Wales, Scotland and Northern Ireland)
- Show Timeline of Changes
More Resources
Changes to legislation:
There are currently no known outstanding effects for the The Small and Medium Sized Business (Credit Information) Regulations 2015, Section 17.
Changes to Legislation
Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.
Extension of the jurisdiction of the Financial Ombudsman Scheme to designated credit reference agenciesU.K.
This section has no associated Explanatory Memorandum
17.—(1) Part 16 (the Ombudsman Scheme) of the 2000 Act applies in respect of a complaint relating to the act or omission of a designated credit reference agency as if—
(a)in section 226(2)(b) of that Act (compulsory jurisdiction) M1, after “Payment Services Regulations [F12017],” there were inserted “ or a designated credit reference agency, ”;
(b)in section 226(4) of that Act, after “under section 22,” there were inserted “ or the activity of furnishing, by a designated credit reference agency, of persons with information relevant to the financial standing of a business and ancillary activities, ”;
(c)in section 232A of that Act (scheme operator's duty to provide information to the FCA) M2, after “FCA's operational objectives,” there were inserted “ or which might otherwise be of assistance to the FCA for the purposes of discharging any of the FCA's duties under the Small and Medium Sized Business (Credit Information) Regulations 2015, ”;
(d)in section 234(1) of that Act (industry funding) M3, after “Payment Services Regulations [F22017]” there were inserted “ , or a designated credit reference agency, ”;
(e)in paragraph 13(4) of Schedule 17 to that Act (the Ombudsman Scheme) M4, after “Payment Services Regulations [F32017],” there were inserted “ or a designated credit reference agency, ”; and
(f)“designated credit reference agency” had the meaning given in section 7(2) of the Small Business, Enterprise and Employment Act 2015;
(2) The FCA must make compulsory jurisdiction rules (as defined in section 226(3) of the 2000 Act) relating to the activity of furnishing by designated credit reference agencies of persons with information relevant to the financial standing of a business.
Textual Amendments
F1Word in reg. 17(1)(a) substituted by The Payment Services Regulations 2017 (S.I. 2017/752), regs. 1(6), 156, Sch. 8 para. 23 (with reg. 3)
F2Word in reg. 17(1)(d) substituted by The Payment Services Regulations 2017 (S.I. 2017/752), regs. 1(6), 156, Sch. 8 para. 23 (with reg. 3)
F3Word in reg. 17(1)(e) substituted by The Payment Services Regulations 2017 (S.I. 2017/752), regs. 1(6), 156, Sch. 8 para. 23 (with reg. 3)
Marginal Citations
M1Section 226 was amended by paragraph 1 of Schedule 11 to the Financial Services Act 2012 (c. 21) and by S.I. 2009/209 and 2011/99.
M2Section 232A was inserted by paragraph 9 of Schedule 11 to the Financial Services Act 2012.
M3Section 234 was amended by paragraph 10 of Schedule 11 to the Financial Services Act 2012 and by S.I. 2009/209 and 2011/99.
M4Paragraph 13 was amended by paragraph 24 of Schedule 11 to the Financial Services Act 2012 and by S.I. 2009/209, 2011/99 and 2015/542.
Options/Help
Print Options
PrintThe Whole Instrument
PrintThe Whole Part
PrintThis Section only
Legislation is available in different versions:
Latest Available (revised):The latest available updated version of the legislation incorporating changes made by subsequent legislation and applied by our editorial team. Changes we have not yet applied to the text, can be found in the ‘Changes to Legislation’ area.
Original (As Enacted or Made): The original version of the legislation as it stood when it was enacted or made. No changes have been applied to the text.
See additional information alongside the content
Geographical Extent: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.
Show Timeline of Changes: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.
Opening Options
Different options to open legislation in order to view more content on screen at once
Explanatory Memorandum
Explanatory Memorandum sets out a brief statement of the purpose of a Statutory Instrument and provides information about its policy objective and policy implications. They aim to make the Statutory Instrument accessible to readers who are not legally qualified and accompany any Statutory Instrument or Draft Statutory Instrument laid before Parliament from June 2004 onwards.
More Resources
Access essential accompanying documents and information for this legislation item from this tab. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as enacted version that was used for the print copy
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- correction slips
- links to related legislation and further information resources
Impact Assessments
Impact Assessments generally accompany all UK Government interventions of a regulatory nature that affect the private sector, civil society organisations and public services. They apply regardless of whether the regulation originates from a domestic or international source and can accompany primary (Acts etc) and secondary legislation (SIs). An Impact Assessment allows those with an interest in the policy area to understand:
- Why the government is proposing to intervene;
- The main options the government is considering, and which one is preferred;
- How and to what extent new policies may impact on them; and,
- The estimated costs and benefits of proposed measures.
Timeline of Changes
This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.
More Resources
Use this menu to access essential accompanying documents and information for this legislation item. Dependent on the legislation item being viewed this may include:
- the original print PDF of the as made version that was used for the print copy
- correction slips
Click 'View More' or select 'More Resources' tab for additional information including:
- lists of changes made by and/or affecting this legislation item
- confers power and blanket amendment details
- all formats of all associated documents
- links to related legislation and further information resources
All content is available under the Open Government Licence v3.0 except where otherwise stated. This site additionally contains content derived from EUR-Lex, reused under the terms of the Commission Decision 2011/833/EU on the reuse of documents from the EU institutions. For more information see the EUR-Lex public statement on re-use.