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  1. Point in time
    2014-05-02

CONC 8.1 Application

CONC 8.1.1RRP

1This chapter applies, unless otherwise stated in or in relation to a rule to every firm with respect to:

  1. (1)

    debt counselling;

  2. (2)

    debt adjusting; and

  3. (3)

    to the extent of giving the advice referred to in article 89A(2) of the Regulated Activities Order, providing credit information services.

CONC 8.1.2GRP

CONC 8.10 (Conduct of business: providing credit information services) sets out that that section applies to every firm with respect to providing credit information services and with respect to operating an electronic system in relation to lending.

CONC 8.1.3GRP

CONC 8 covers all firms with respect to debt counselling, debt adjusting and providing credit information services, which includes profit-seeking as well as not-for-profit bodies which hold such permissions and in that case include those bodies with permission by virtue of article 62 of the Regulated Activities Order.

[Note: paragraph 1.10 of DMG]

CONC 8.1.4GRP

The activities of debt counselling and debt adjusting apply to credit agreements and consumer hire agreements whether they are regulated or not.