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CONC 8.1 Application


1This chapter applies, unless otherwise stated in or in relation to a rule to every firm with respect to:

  1. (1)

    debt counselling;

  2. (2)

    debt adjusting; and

  3. (3)

    to the extent of giving the advice referred to in article 89A(2) of the Regulated Activities Order, providing credit information services.


CONC 8.10 (Conduct of business: providing credit information services) sets out that that section applies to every firm with respect to providing credit information services and with respect to operating an electronic system in relation to lending in relation to activities specified in article 36H(3)(e) to (h) of the Regulated Activities Order which are similar to providing credit information services.2


CONC 8 covers all firms with respect to debt counselling, debt adjusting and providing credit information services, which includes profit-seeking as well as not-for-profit bodies which hold such permissions and in that case include those bodies with permission by virtue of article 62 of the Regulated Activities Order.

[Note: paragraph 1.10 of DMG]

CONC 8.1.3AR

3CONC 8.3.1R(14) does not apply to a firm with respect to providing credit information services.


The activities of debt counselling and debt adjusting apply to credit agreements and consumer hire agreements whether they are regulated or not.