Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

CONC 2.9 Prohibition of unsolicited credit tokens



This section applies to any firm.


  1. (1)

    A firm must not give a person a credit token if he has not asked for it.

    [Note: section 51 of CCA]

  2. (2)

    A request in (1) must be in a document signed by the person making the request, unless the credit-token agreement is a small borrower-lender-supplier agreement.

  3. (3)

    Paragraph (1) does not apply to the giving of a credit token to a person:

    1. (a)

      for use under a credit-token agreement already made; or

    2. (b)

      in renewal or replacement of a credit token previously accepted by that person under a credit-token agreement which continues in force, whether or not varied.