The FCA has published a statement and updated its relevant web page on details about its consumer credit rebate scheme, which clarifies the following:
- who qualifies for a consumer credit licence rebate;
- how qualifying persons get a rebate;
- how the rebate is calculated; and
- the timing for sending cheques out.
The FCA will not generally make payments and will not accept applications for rebates after 30 June 2014. However, the FCA will retain amounts to cover potential payments for persons who have been given ‘minded to revoke’ or ‘minded to refuse’ notices or had their licences suspended, pending the result of any appeals. The scheme will close entirely on 31 December 2014.
View The consumer credit rebate scheme, 20 December 2013
View Rebates for consumer credit licence holders, 23 December 2013