[Note: Until 31 March 2015, transitional provisions apply to CONC 3: see CONC TP 6.1]
a communication with a borrower or a prospective borrower in relation to operating an electronic system in relation to lending; and
The clear fair and not misleading rule in CONC 3.3.1 R and the general requirements rule in CONC 3.3.2 R and the guidance inCONC 3.3.5 G to CONC 3.3.11 G also, unless a rule or guidance in those paragraphs specifies differently, apply to:
CONC 3.3.1 R also applies to:
CONC 3 does not apply to:
a financial promotion or a communication which expressly or by implication indicates clearly that it is solely promoting credit agreements or consumer hire agreements or P2P agreements for the purposes in each case of a customer's business;
CONC 3.3.1 R (clear, fair and not misleading);
CONC 3.3.3 R (credit regardless of status);
CONC 3.5.7 R (other financial promotions requiring a representative APR);
CONC 3.1.7R (1) does not enable detailed information to be given about credit available from the firm. Firms should note that the image advertising exclusion in CONC 3.1.7R (1) is subject to compliance with the rules specified in (2), including the rules which require the inclusion of a representative APR in specified circumstances (although the rules in CONC 3.5.9R about the wording that must accompany a representative APR do not apply to image advertising)5. A name or logo may trigger the requirement to include a representative APR. Firms should not include any information not referred to in CONC 3.1.7R (1) and should avoid the use of names, logos or addresses, for example, which attempt to convey additional product or cost-related information.
This chapter applies to a firm in relation to:
and for the purposes of the application of this chapter, it is immaterial whether the credit agreement or the consumer hire agreement to which the financial promotion or communication relates is subject to the law of a country outside the UK.