Powers exercised
A. The Financial Conduct Authority makes this instrument in the exercise of the following powers and related provisions in:
(1) the following sections of the Financial Services and Markets Act 2000 (“the Act”):
(a) section 137A (The FCA’s general rules); and
(b) section 137T (General supplementary powers); and
(2) article 60M of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (SI 2001/544).
B. The rule-making powers above are specified for the purpose of section 138G(2) (Rule-making instruments) of the Act.
Commencement
C. This instrument comes into force on 9 March 2017.
Amendments to the Handbook
D. The Consumer Credit sourcebook (CONC) is amended in accordance with the Annex to this instrument.
Citation
E. This instrument may be cited as the Consumer Credit (Total Charge for Credit) Instrument 2016.
By order of the Board
8 December 2016