On 1 May 2020, there was published on legislation.gov.uk The Financial Services and Markets Act 2000 (Regulated Activities) (Coronavirus) (Amendment) Order 2020. The Explanatory Memorandum to the statutory instrument explains that the Order is being made to remove from the scope of the consumer credit regulatory regime loans of £25,000 or less that are made by commercial lenders to sole traders, unincorporated associations and partnerships of fewer than four people under the Bounce Back Loan Scheme (BBLS). However, there is an exception as the Order allows for the existing regulatory regime to continue to apply to lenders who carry on the activity of debt collecting in relation to loans under the BBLS.