Financial Conduct Authority Clarification

In last week’s Industry news post, the inference was that only clubs operating direct debit schemes were subject to Authorisation from the Financial Conduct Authority and, whilst this is true, it should be noted that all other installment schemes, allowing deferred payment for membership, are also liable.

The FCA were also named as the Financial Credit Authority rather than their correct title of the Financial Conduct Authority.

More information can be found on their website


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