The Small and Medium Sized Business (Finance Platforms) Regulations 2015 No. 1946

PART 2 Provision of specified information about small and medium sized businesses by banks to finance platforms

Timing for provision of information to designated finance platforms and incomplete information

5.—(1) Subject to paragraph (2), the designated bank must provide information under regulation 3(2) before the end of the working day after the day on which the bank receives confirmation from the business to which the information relates of agreement to such information being provided.

(2) Where a bank holds incomplete specified information, a bank need not provide any information under regulation 3(2) until the end of the working day after the day on which the bank first holds complete information.