Reminder to Consumer Credit Licence holders

Carmarthenshire Trading Standards Service is reminding all Consumer Credit Licence holders in the county to re-register with the new Financial Conduct Authority (FCA).
The Office of Fair Trading (OFT) regulated this area for many years but with effect from April 1 this year control is passing to the FCA.
All existing credit licence holders MUST register by March 31, 2014; otherwise their license (and the right to offer credit etc) will lapse.
Trading Standards Service Manager Roger Edmunds said: “Although our remit is limited to the enforcement of the Consumer Credit Act - that is checking a trader has the correct license and so on - and not the application stages, we still think it prudent to remind traders in Carmarthenshire of the deadline.”
To find out more information about Trading Standards Services within Carmarthenshire please follow the link www.carmarthenshire.gov.uk

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