FinanceMagnates
The Financial Conduct Authority (FCA) has welcomed the
government’s consultation on regulating currently-exempt Buy Now Pay Later
(BNPL) products. The FCA has long supported bringing these products under its
regulatory oversight. In 2021, the FCA board backed the Woolard Review, which
recommended that BNPL should be regulated.The FCA plans to implement a
Temporary Permissions Regime (TPR…
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FCA Plans Temporary Permissions for BNPL Firms Ahead of New Rules
Tareq Sikder
21:46
The Financial Conduct Authority (FCA) has welcomed the government’s consultation on regulating currently-exempt Buy Now Pay Later (BNPL) products. The FCA has long supported bringing these products under its regulatory oversight. In 2021, the FCA board backed the Woolard Review, which recommended that BNPL should be regulated.The FCA plans to implement a Temporary Permissions Regime
