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The Small and Medium Sized Business (Credit Information) Regulations 2015

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  1. Introductory Text

  2. PART 1 Introductory provisions

    1. 1.Citation and commencement

    2. 2.Interpretation

  3. PART 2 Provision of credit information about small and medium sized businesses by banks and credit reference agencies

    1. 3.Designated banks to provide information to designated credit reference agencies

    2. 4.Requests for information by credit reference agencies

    3. 5.Agreement by customers of banks

    4. 6.Designated credit reference agencies to provide information to finance providers

    5. 7.Designated credit reference agencies to provide information to the Bank of England

    6. 8.Right of action for failure to provide information

  4. PART 3 Designation of banks and credit reference agencies

    1. 9.Power to designate banks and credit reference agencies and to revoke designations

    2. 10.Criteria for the designation of a bank

    3. 11.Consultation before designation of a bank

    4. 12.Criteria for the designation of a credit reference agency

    5. 13.Consultation before designation of a credit reference agency

    6. 14.Record of designated banks and credit reference agencies

  5. PART 4 Access to and correction of information

    1. 15.Access to and correction of information for individuals and small firms

    2. 16.Right of action in relation to inaccurate information

  6. PART 5 Complaints about designated credit reference agencies

    1. 17.Extension of the jurisdiction of the Financial Ombudsman Scheme to designated credit reference agencies

  7. PART 6 Monitoring of compliance and enforcement

    1. CHAPTER 1 The FCA

      1. 18.Functions of the FCA

      2. 19.Monitoring and enforcement

      3. 20.Guidance and consultation

      4. 21.Fees and penalties

      5. 22.Exemption from liability in damages

    2. CHAPTER 2 Reporting and information

      1. 23.Reporting requirements

      2. 24.Record keeping

      3. 25.Restrictions on disclosure of information

    3. CHAPTER 3 Investigatory powers

      1. 26.Information gathering and investigations under Part 11 of the 2000 Act

      2. 27.Protected information

    4. CHAPTER 4 Disciplinary measures

      1. 28.Public censure

      2. 29.Financial penalties

      3. 30.Limitations on permission to carry on regulated activities

    5. CHAPTER 5 Injunctions and restitution

      1. 31.Injunctions

      2. 32.Power of FCA to require restitution

      3. 33.Restitution orders

    6. CHAPTER 6 Misleading the FCA

      1. 34.Offence of misleading the FCA

      2. 35.Restriction on penalties

      3. 36.Liability of officers of bodies corporate etc

      4. 37.Proceedings for offence

      5. 38.Further provisions relating to proceedings for offence

    7. CHAPTER 7 Procedure

      1. 39.Requirement to issue warning notice

      2. 40.Requirement to issue decision notice

      3. 41.Third party rights

      4. 42.Service of notices

      5. 43.Statements of policy

      6. 44.Application of Part 26 of the 2000 Act

    8. CHAPTER 8 Referral to the Tribunal

      1. 45.Referral to Tribunal

      2. 46.The Tribunal

  8. PART 7 Review

    1. 47.Review

  9. Signature

    1. SCHEDULE

      Credit information

      1. 1.Information relating to a loan made in sterling to the...

      2. 2.Information relating to a credit card account denominated in sterling...

      3. 3.Information relating to a current account denominated in sterling and...

      4. 4.Where any of the information described in the preceding paragraphs...

  10. Explanatory Note

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