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  1. Point in time
    2018-04-13

finance application

    103(in accordance with regulation 2 of the Small and Medium Sized Business (Finance Platforms) Regulations) a request in any form for a finance facility, whether such request is made for a new facility or for the renewal or extension of an existing facility, where:

      1. (a) the request is supported by sufficient information to enable the recipient to make an informed decision as to whether to provide the requested finance facility; or
      1. (b) the recipient has responded by requesting further specific information to enable it to make an informed decision as to whether to provide the requested finance facility.