On 1 April 2026, the Financial Conduct Authority (FCA) updated its webpage on Regulating Buy Now Pay Later (BNPL) by updating the text on the temporary permissions regime (TPR).
The updated text refers to the FCA issuing directions on 1 April 2026 which set out that:
- Firms can complete a notification form to register for temporary permission from 15 May 2026.
- The fee will be £280.
- The last day on which firms can notify to register for temporary permission is 1 July 2026.
Firms must comply with the above requirements in order to be able to enter the TPR.
The FCA provides a link to the directions and the notification form.
The FCA adds that if a firm thinks that it will need to enter the TPR and it has not already done so, it should contact the FCA by email at deferredpaymentcredit@fca.org.uk.