Regulatory Alerts2005-12-09
CP10 - Public Response to CP10 Consumer Protection Code
The Financial Regulator issued this public response to consultation paper CP10, outlining decisions on the draft Consumer Protection Code following 61 industry and public submissions. The document defines the Code's scope to protect natural persons and small businesses with turnovers under €3 million, while applying General Principles to moneylenders to supplement existing credit protections. It establishes a principles-based regulatory framework designed to ensure a level playing field, mandate suitable product advice, and require clear, understandable information to help consumers make informed financial decisions.
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