Credit brokers and intermediaries
Start date: 1 June 2011
End date: 23 August 2011
The guidance document was published on 24 November 2011. See OFT guidance for brokers, intermediaries for further information.
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Summary
The OFT consulted on guidance for credit brokers and credit intermediaries.
The guidance sets out the standards of conduct the OFT would expect in terms of fitness to be licensed. It is also relevant to consumer credit businesses (creditors) who use the services of credit brokers or intermediaries and so need to be aware of their responsibilities in relation to such persons.
The guidance draws together and updates in a single document the elements of a number of relevant documents such as the Second Charge Lending- OFT Guidance for lenders and brokers (OFT1105) and aspects of the Irresponsible Lending Guidance (OFT1107).
It also updates businesses on new regulation implementing the Consumer Credit Directive.
Consultation document
- Credit brokers and intermediaries (pdf 605kb)
- Summary of responses to the consultation on 'Credit brokers and intermediaries' (pdf 512kb)
Contacts
Paul Hosier (020 7211 8839, paul.hosier@oft.gsi.gov.uk)
Project Director: David Philpott (020 7211 8923, david.philpott@oft.gsi.gov.uk)
Senior responsible officer: David Fisher (020 7211 5890, david.fisher@oft.gsi.gov.uk)
Media enquiries: any media enquiries should be directed to a member of our Press Office.
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