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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.

finance provider

    96(in accordance with section 7(2) of the Small Business, Enterprise and Employment Act) a body corporate that:

      1. (a) lends money or provides credit in the course of a business; or
      1. (b) arranges or facilitates the provision of debt or equity finance in the course of a business; or
      1. (c) provides, arranges or facilitates invoice discounting or factoring in the course of a business;

    but, in accordance with regulation 2(2) of the Small and Medium Sized Business (Credit Information) Regulations, for the purposes of those Regulations it does not include a body corporate that provides credit only by providing goods or services before payment of part, or all of, the amount to be paid for such goods or services.