Exemption – Consumer Finance Law

2 October 2020

FCA adds the Institute of Financial Accountants to the list of bodies whose members can provide a statement of high net worth

On 1 October 2020, the Consumer Credit (High Net Worth Exemption) (Amendment) Instrument 2020 came into force. This amends CONC App 1.4.3R(2) by adding the Institute of Financial Accountants to the list of bodies whose members can provide a statement of high net worth under CONC App 1.4.

This change was confirmed in the Financial Conduct Authority’s Handbook Notice 80 and followed the FCA’s Quarterly Consultation in Consultation Paper 20/4.

1 April 20191 April 2019

FCA adds the Association of Accounting Technicians to the list of bodies whose members can provide a statement of high net worth

On 29 March 2019, the Consumer Credit (High Net Worth Exemption) Instrument 2019 came into force. This amends CONC App 1.4.3R(2) by adding the Association of Accounting Technicians to the list of bodies whose members can provide a statement of high net worth under CONC App 1.4.