FCA re-recognises LSB business lending code

FCA has renewed its recognition of LSB’s Standards of Lending Practice for business customers as from 6 February. The recognition expires on 10 February 2026.

The standards address lending to SMEs with a turnover of up to £25m and were first recognised by FCA in 2020. 16 lenders have currently signed up to them, and the LSB encourages more to do so.