The FCA has updated its website resources on the upcoming changes to buy now pay later (deferred payment credit) regulation. The window for unregulated firms currently providing services that will require regulation post 15 July to register for the Temporary Permissions Regime opened on 15 May. One firm is currently registered, and the window closes on 1 July. Unregulated firms that are currently carrying out services that will fall within regulation and who have not registered within the TPR will not be able to enter into any new relevant loans after 15 July unless and until they apply for authorisation. Firms that are registered will be able to continue business while they make their applications.
FCA updates on BNPL registrations
