Reset to Today

To access the FCA Handbook Archive choose a date between 1 January 2001 and 31 December 2004.

Content Options:

Add to favourites

View Options:

More Resources:

External link Handbook Publications

Alternative versions

  1. Point in time
    2024-12-22

credit information

188(in accordance with regulation 2 of, and the Schedule to, the Small and Medium Sized Business (Credit Information) Regulations):

  1. (a) information relating to a loan made in sterling to the business, namely:
    1. (i) the start date of loan agreement;
    2. (ii) the date the loan is due to be fully repaid, has been fully repaid or enters default;
    3. (iii) the amount of the loan which is outstanding;
    4. (iv) the repayment period;
    5. (v) the repayment frequency;
    6. (vi) the full repayment amount;
    7. (vii) the number of missed payments; and
    8. (viii) details of any defaults and associated satisfactions;
  2. (b) information relating to a credit card account denominated in sterling and held in the name of the business, namely:
    1. (i) the start date of the facility;
    2. (ii) the date the facility closed (if applicable);
    3. (iii) any outstanding balance;
    4. (iv) the agreed credit limit;
    5. (v) the number of missed payments;
    6. (vi) the number of cash advances;
    7. (vii) the value of cash advances; and
    8. (viii) details of any defaults and associated satisfactions;
  3. (c) information relating to a current account denominated in sterling and held in the name of the business, namely the:
    1. (i) start date of the facility;
    2. (ii) date the facility closed (if applicable);
    3. (iii) current balance;
    4. (iv) minimum balance;
    5. (v) maximum balance;
    6. (vi) average balance;
    7. (vii) overdraft limit;
    8. (viii) total value of all payments into the account;
    9. (ix) total value of debits withdrawn from the account;
    10. (x) number of days in the month where the customer has exceeded its approved limit; and
    11. (xi) number of cheques or direct debts that have not been paid due to insufficient funds;
  4. (d) where any of the information described in the preceding paragraph is provided:
    1. (i) business type indicator (e.g. limited liability company or non-limited business);
    2. (ii) business name and address;
    3. (iii) company registration number (if applicable);
    4. (iv) telephone number; and
    5. (v) VAT number (if applicable).