PS21/1: Breathing Space Regulations: changes to our Handbook

The Financial Conduct Authority issued Policy Statement 21/1 to implement changes to its Handbook regarding the Breathing Space regulations. This document formalizes the regulatory updates following a consultation period that ran from October 2020 to January 2021. The final policy establishes the new rules governing the debt rescue scheme for consumers in financial difficulty.

United Kingdom

Financial Conduct Authority

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Open consultation

21/10/2020

Consultation closed

06/01/2021

Policy statement

26/02/2021

26/02/2021