UK Statutory Instrument SI 2025/859 United Kingdom

The Financial Services and Markets Act 2000 (Regulated Activities etc.) (Amendment) Order 2025

This Order provides for certain “buy-now-pay-later” agreements which are currently exempt agreements within article 60F(2) of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 (S.I. 2001/544) (“the Regulated Activities Order”) to become regulated credit agreements within the meaning of article 60B(3) of that Order. These agreements are …

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Enforced by
FCA, PRA
Status
In Force
Penalty ceiling
Regulated

Does it bind you?

Business-side roles with duties under this instrument.

Plus 4 duties on the regulator, Crown ministers and public bodies — folded into the section list below.

What it requires

Regulations creating concrete business duties or carrying penalties, grouped as the instrument is structured. Titles link to the source text — blue means you’re leaving for legislation.gov.uk.

s.art008 Process for registration for temporary permission Regulated
Other duties (1) — Crown / regulator
  • FCA must confirm receipt and determine if temporary permission notification is completeStatutory regulator
s.art009 Registration for temporary permission Regulated
Other duties (1) — Crown / regulator
  • FCA must register temporary permission applicants and maintain a public registerStatutory regulator
s.art010 Temporary permission Regulated
Other duties (1) — Crown / regulator
  • FCA must cancel continuing requirements when no longer necessaryStatutory regulator
s.art013 Review Regulated
Other duties (1) — Crown / regulator
  • Treasury must review this Order and publish reports every five yearsCrown / Minister / Government department
10 other provisions — procedural and definitional
s.art001 Citation, commencement, extent and interpretation
s.art002 Amendment of the CCA 1974
s.art003 Amendment of the Regulated Activities Order
s.art004 Amendment of the Financial Services (Distance Marketing) Regulations 2004
s.art005 Amendment of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005
s.art006 Interpretation of Part 4
s.art006 Transitional provision: person with Part 4A permission to carry on an activity in relation to article 60B
s.art007 Direction in relation to process for registration for temporary permission
s.art011 Application of the 2000 Act to persons with temporary permission
s.art012 Relevant applications

Help complying

Guvnor’s practical routes through this instrument.

Prepare your BNPL business for FCA regulation

Preparation guide for Buy Now Pay Later providers and merchants ahead of FCA regulation from 15 July 2026. Covers what is changing, …

Consumer credit compliance quick-check

Quick compliance check for experienced consumer credit firms. Covers FCA permissions, fee payments, credit advertising, pre-contract disclosures, Consumer Duty obligations, complaints handling, …
2 more guides that reference this instrument
Comply with Buy Now Pay Later regulation Buy Now Pay Later regulation: what businesses need to know

Connected legislation

The wider family of instruments made under the same parent Act.

TCGA 1992 SI 2017/1204

Duty extraction and severity labels are Guvnor’s analysis of the instrument, not the instrument itself. Always verify against the linked source text.