COUNTRY PROFILE
United Kingdom
A standardised profile of the microfinance ecosystem — regulation, actors, funding, and the latest news. Expand any section below.
01 · REGULATION OF LENDING
Regulation of lending activity
Regulation of lending activity
Regulatory scenario
Without microcredit regulation and without bank monopoly for lending
Dedicated law regulating microcredit
Consumer Credit Act;
The Co-operative and
Community Benefit Societies
Act 2014;
Credit Unions Act 1979;
The Legislative Reform (Industrial and Provident Societies and Credit Unions) Order 2011;
Credit Unions (Northern Ireland) -Order 1985
02 · SUPERVISORY FRAMEWORK
Supervisory framework for non-bank lending
Supervisory framework for non-bank lending
Supervisory authority
Financial Conduct Authority
(FCA) and the Prudential
Regulation Authority (PRA)
03 · PRODUCTS
Products
Products
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04 · INCENTIVES & SUPPORT
Incentives and support
Incentives and support
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05 · DEVELOPMENT OF FRAMEWORK
Development of existing framework for non-bank microcredit provision
Development of existing framework for non-bank microcredit provision
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