UNFCOG 1.1 Application and purpose
3The Unfair Terms Regulations will continue to apply to contracts entered into before 1 October 2015. Firms (see 1.1.5G) should refer to the previous version of this Guide for an explanation of the FCA’s policy regarding the Unfair Terms Regulations.
We have agreed with the Competition and Markets Authority ("CMA")2 that the FCA will consider the fairness (within the meaning of the CRA3) of those3 financial services contracts and consumer notices specified in the Memorandum of Understanding between the CMA and the FCA on the use of concurrent powers under consumer protection legislation (http://www.fca.org.uk/fca-cma-consumer-protection-mou)3.
2This Guide applies to:
- (1)
- (2)
- (3)
other persons, whether or not a person with permission, who use, or recommend the use of, contracts to carry on regulated activities;3
- (4)
- (5)