Regulatory Alerts2009-02-13
Code of Conduct for Business Lending to Small and Medium Enterprises 2009
The Irish Financial Services Regulatory Authority issued this Code to mandate fair and transparent business lending practices for regulated entities dealing with small and medium enterprises. It requires lenders to provide clear information on credit terms, assess applications on their merits, and handle arrears and complaints through structured, timely procedures. The document establishes legal obligations for regulated entities to maintain records and demonstrate compliance with these standards for credit products such as loans and overdrafts.
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