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  2. Point in time
    2015-04-20

CONC 3.4 Risk warning for high-cost short-term credit

[Note: Until the end of 30 June 2014, transitional provisions apply to CONC 3.4: see CONC TP 31]

Risk warnings

CONC 3.4.1RRP
  1. (1)

    A firm must not communicate or approve for communication a financial promotion in relation to high-cost short-term credit, unless it contains the following risk warning:

    “Warning: Late repayment can cause you serious money problems. For help, go to moneyadviceservice.org.uk”.

  2. (2)

    The risk warning in (1) must be included in a financial promotion contained in an electronic communication unless by reason of the limited space available on the medium in question it is not reasonably practicable to include the warning.

  3. (3)

    Instead of the website address in paragraph (1), a firm may include the Money Advice Service’s logo registered community trade mark number EU009695909.

  4. (4)

    The risk warning must be included in a financial promotion in a prominent way.

CONC 3.4.2GRP

The Money Advice Service has granted a licence to use the logo referred to in CONC 3.4.1R (3) for the purposes of that rule.1 The terms of the licence are available from the Money Advice Service.

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