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Small and Medium Sized Business (Finance Platforms) Regulations 2015 [SI 2015 No. 1946]Introductory TextPart 1 Introductory provisions (regs. 1-2)Regulation 1 Citation and commencementRegulation 2 InterpretationPart 2 Provision of specified information about small and medium sized businesses by banks to finance platforms (regs. 3-8)Regulation 3 Designated banks to provide information to designated finance platformsRegulation 4 Indication of agreement by businesses and incomplete informationRegulation 5 Timing for provision of information to designated finance platforms and incomplete informationRegulation 6 Designated finance platforms to provide information to finance providersRegulation 7 Maintenance and removal of access to finance providersRegulation 8 Designated finance platforms to provide information to the Treasury and retention of informationPart 3 Designation of banks and finance platforms (regs. 9-13)Regulation 9 Power to designate banks and finance platforms and to revoke designationsRegulation 10 Criteria for the designation of a bankRegulation 11 Consultation before designation of a bankRegulation 12 Consultation before designation of a finance platformRegulation 13 Record of designated banks and finance platformsPart 4 Complaints about designated finance platforms (reg. 14)Regulation 14 Extension of the jurisdiction of the Financial Ombudsman Scheme to designated finance platformsPart 5 Monitoring of compliance and enforcement (regs. 15-43)Chapter 1 The FCA (regs. 15-19)Regulation 15 Functions of the FCARegulation 16 Monitoring and enforcementRegulation 17 Guidance and consultationRegulation 18 Fees and penaltiesRegulation 19 Exemption from liability in damagesChapter 2 Reporting and information (regs. 20-22)Regulation 20 Reporting requirementsRegulation 21 Record keepingRegulation 22 Restrictions on disclosure of informationChapter 3 Investigatory powers (regs. 23-24)Regulation 23 Information gathering and investigations under Part 11 of the 2000 ActRegulation 24 Protected informationChapter 4 Disciplinary measures (regs. 25-27)Regulation 25 Public censureRegulation 26 Financial penaltiesRegulation 27 Limitations on permission to carry on regulated activitiesChapter 5 Injunctions and restitution (regs. 28-30)Regulation 28 InjunctionsRegulation 29 Power of FCA to require restitutionRegulation 30 Restitution ordersChapter 6 Misleading the FCA (regs. 31-35)Regulation 31 Offence of misleading the FCARegulation 32 Restriction on penaltiesRegulation 33 Liability of officers of bodies corporate etcRegulation 34 Proceedings for offenceRegulation 35 Further provisions relating to proceedings for offenceChapter 7 Procedure (regs. 36-41)Regulation 36 Requirement to issue warning noticeRegulation 37 Requirement to issue decision noticeRegulation 38 Third party rightsRegulation 39 Service of noticesRegulation 40 Statements of policyRegulation 41 Application of Part 26 of the 2000 ActChapter 8 Referral to the Tribunal (regs. 42-43)Regulation 42 Referral to TribunalRegulation 43 The TribunalPart 6 Review (reg. 44)Regulation 44 ReviewSchedule - Specified informationSignatureExplanatory NoteExplanatory MemorandumImpact Assessments
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Version status: | Document consolidation status: Updated to reflect all known changes
Version date: 26 November 2015 - onwards

Introductory Text

SI 2015/1946

Made                                           26th November 2015

Coming into force                       1st January 2016

The Treasury make these Regulations in exercise of the powers conferred by sections 5, 6(1) to (4) and (9), 7(1) and (2), 28(2) and 161(2) of the Small Business, Enterprise and Employment Act 2015 [2015 c. 26.].

A draft of these Regulations has been laid before and approved by resolution of each House of Parliament in accordance with sections 6(10) and 161(4) of that Act.

 

 

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