Prepare your BNPL business for FCA regulation
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UK Statutory Instrument
2010
United Kingdom
Consumer Credit (Agreements) Regulations 2010
At a glance
Enforced by
What's here
3 compliance obligations, 2 practical guides · 3 journeys
Who this Act binds
Business-side actors with duties under this Act, ranked by how often they appear.
- Trader 2
- Any Person 1
Step-by-step journeys using this legislation
Walkthroughs that take you from a real business situation to compliance.
Start offering consumer credit to customers
- 1 step
Consumer credit compliance quick-check
- 1 step
Relevant guidance
Practical guides for businesses affected by this Act, ordered by how closely they engage with it.
Direct — cites this Act
1 guidesSupporting — topic alignment
1 guidesOther Acts binding the same actors
For each actor bound by this Act, the other UK Acts that bind them most often. Useful for understanding the full compliance landscape facing each role.
Traders also bound by 826 other Acts (top 5 shown)
- Value Added Tax Regulations 1995 1995 413 duties
- Companies Act 2006 2006 243 duties
- The Large and Medium-sized Companies and Groups (Accounts and Reports) Regulations 2008 2008 114 duties
- Insolvency (England and Wales) Rules 2016 2016 62 duties
- Building Societies Act 1986 1986 56 duties
Any Person also bound by 2338 other Acts (top 5 shown)
- Human Medicines Regulations 2012 2012 169 duties
- Merchant Shipping Act 1995 1995 144 duties
- Insolvency (England and Wales) Rules 2016 2016 101 duties
- Road Traffic Act 1988 1988 95 duties
- Air Navigation Order 2016 2016 95 duties
What this Act requires
Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.
Schedules
Browse 21 other Schedules — structural / supplementary
Your goods will not be insured by the creditor while...
(1) Creditor to insert the date at the end of...
(2) Creditor to insert the amount specified in section 118(1)(b)...
(3) Creditor to insert the amount specified in section 120(1)(a)...
(4) Creditor to insert the amount specified in the Consumer Credit...
(5) Creditor to omit this paragraph if inapplicable.
NOTICE TO DEBTOR
IMPORTANT – YOU SHOULD READ THIS CAREFULLY
Right to Redeem Articles
If you hand in this agreement (which is also your...
IF YOU DO NOT REDEEM THE ARTICLE(S) ON OR BEFORE(1)...
Loss of Receipt
If you lose your receipt you may provide either a...
Unredeemed Articles
An article not redeemed within the redemption period becomes the...
Schedule 4 para.wrapper16n2
Schedule 4 para.wrapper17n2
Schedule 4 para.wrapper18n2
Schedule 4 para.wrapper19n2
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Schedule 4 para.wrapper21n2
Form and content of regulated consumer credit agreements
- Ensure consumer credit agreements meet strict form and content requirements Trader
Modifying agreements
- Use correct format for modifying credit agreements Trader
Pawn agreements
- Include specific details and notices in pawn-receipts Any Person
Browse 5 other sections — procedural / definitional / commencement
Official guidance
Authoritative sources published by regulators or government explaining this legislation.
- Status disclosure: consumer credit | FCA (opens in a new tab) from FCA Detailed Guidance
- FCA: Motor finance review (opens in a new tab) from FCA Detailed Guidance
- CONC 4: Pre-contractual requirements (opens in a new tab) from FCA Detailed Guidance
- FCA: Motor finance review (opens in a new tab) from FCA Detailed Guidance
- FCA Consumer Credit sourcebook (CONC) (opens in a new tab) from FCA Detailed Guidance
- FCA CONC 5 - Responsible lending (opens in a new tab) from FCA Detailed Guidance
Enforcement and responsible bodies
The regulators that administer or enforce this legislation.
Financial Conduct Authority
Regulation of financial services firms and markets. Supervises banks, insurers, investment firms, payment services, and cryptoasset businesses. Issues authorisations and enforces conduct …
Connected legislation
parent Act
These instruments amend, apply, or refer to this Act. They may not all create direct business obligations.
Made under
Consumer Credit Act 1974 1974 Primary Act
Explore more
Browse legislation
Find other UK business legislation with related guidance.
Regulators
Learn more about the bodies that enforce this legislation.