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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.

credit information

    188(in accordance with regulation 2 of, and the Schedule to, the Small and Medium Sized Business (Credit Information) Regulations):

      1. (a) information relating to a loan made in sterling to the business, namely:
        1. (i) the start date of loan agreement;
        1. (ii) the date the loan is due to be fully repaid, has been fully repaid or enters default;
        1. (iii) the amount of the loan which is outstanding;
        1. (iv) the repayment period;
        1. (v) the repayment frequency;
        1. (vi) the full repayment amount;
        1. (vii) the number of missed payments; and
        1. (viii) details of any defaults and associated satisfactions;
      1. (b) information relating to a credit card account denominated in sterling and held in the name of the business, namely:
        1. (i) the start date of the facility;
        1. (ii) the date the facility closed (if applicable);
        1. (iii) any outstanding balance;
        1. (iv) the agreed credit limit;
        1. (v) the number of missed payments;
        1. (vi) the number of cash advances;
        1. (vii) the value of cash advances; and
        1. (viii) details of any defaults and associated satisfactions;
      1. (c) information relating to a current account denominated in sterling and held in the name of the business, namely the:
        1. (i) start date of the facility;
        1. (ii) date the facility closed (if applicable);
        1. (iii) current balance;
        1. (iv) minimum balance;
        1. (v) maximum balance;
        1. (vi) average balance;
        1. (vii) overdraft limit;
        1. (viii) total value of all payments into the account;
        1. (ix) total value of debits withdrawn from the account;
        1. (x) number of days in the month where the customer has exceeded its approved limit; and
        1. (xi) number of cheques or direct debts that have not been paid due to insufficient funds;
      1. (d) where any of the information described in the preceding paragraph is provided:
        1. (i) business type indicator (e.g. limited liability company or non-limited business);
        1. (ii) business name and address;
        1. (iii) company registration number (if applicable);
        1. (iv) telephone number; and
        1. (v) VAT number (if applicable).