Regulatory Alerts2025-07-16
Added · Updated
PS26/1: Regulation of Deferred Payment Credit (unregulated Buy Now Pay Later): Feedback to CP25/23 and final rules
The FCA finalizes rules bringing Deferred Payment Credit (DPC) into regulation effective 15 July 2026, requiring lenders to conduct creditworthiness assessments for all agreements, including those under £50. Firms must provide specific product information before agreements are entered into and adhere to existing conduct standards, dispute resolution, and regulatory reporting requirements. Entities lacking necessary permissions must register for the Temporary Permissions Regime by 15 May 2026, or face criminal penalties for entering new DPC agreements after the regulation date.