The Small and Medium Sized Business (Finance Platforms) Regulations 2015

  1. Introductory Text

  2. PART 1

    1. 1.Citation and commencement

    2. 2.Interpretation

  3. PART 2

    1. 3.Designated banks to provide information to designated finance platforms

    2. 4.Indication of agreement by businesses and incomplete information

    3. 5.Timing for provision of information to designated finance platforms and incomplete information

    4. 6.Designated finance platforms to provide information to finance providers

    5. 7.Maintenance and removal of access to finance providers

    6. 8.Designated finance platforms to provide information to the Treasury and retention of information

  4. PART 3

    1. 9.Power to designate banks and finance platforms and to revoke designations

    2. 10.Criteria for the designation of a bank

    3. 11.Consultation before designation of a bank

    4. 12.Consultation before designation of a finance platform

    5. 13.Record of designated banks and finance platforms

  5. PART 4

    1. 14.Extension of the jurisdiction of the Financial Ombudsman Scheme to designated finance platforms

  6. PART 5

    1. CHAPTER 1

      1. 15.Functions of the FCA

      2. 16.Monitoring and enforcement

      3. 17.Guidance and consultation

      4. 18.Fees and penalties

      5. 19.Exemption from liability in damages

    2. CHAPTER 2

      1. 20.Reporting requirements

      2. 21.Record keeping

      3. 22.Restrictions on disclosure of information

    3. CHAPTER 3

      1. 23.Information gathering and investigations under Part 11 of the 2000 Act

      2. 24.Protected information

    4. CHAPTER 4

      1. 25.Public censure

      2. 26.Financial penalties

      3. 27.Limitations on permission to carry on regulated activities

    5. CHAPTER 5

      1. 28.Injunctions

      2. 29.Power of FCA to require restitution

      3. 30.Restitution orders

    6. CHAPTER 6

      1. 31.Offence of misleading the FCA

      2. 32.Restriction on penalties

      3. 33.Liability of officers of bodies corporate etc

      4. 34.Proceedings for offence

      5. 35.Further provisions relating to proceedings for offence

    7. CHAPTER 7

      1. 36.Requirement to issue warning notice

      2. 37.Requirement to issue decision notice

      3. 38.Third party rights

      4. 39.Service of notices

      5. 40.Statements of policy

      6. 41.Application of Part 26 of the 2000 Act

    8. CHAPTER 8

      1. 42.Referral to Tribunal

      2. 43.The Tribunal

  7. PART 6

    1. 44.Review

  8. Signature

    1. SCHEDULE

      Specified information

  10. Explanatory Note