Requirements and Guidance for Moneylenders 

The regulatory requirements which moneylenders must comply with in the area of consumer protection are set out below:

 Consumer Protection Code for Licensed Moneylenders

The General Principles of the Consumer Protection Code for Licensed Moneylenders came into effect on 1 January 2009 and the remaining provisions (i.e. Chapters 2 and 3) came into effect on 30 September 2009.

A new Fitness and Probity Regime came into effect on 1 December 2011.

Industry letter issued to all Licensed Moneylenders on 1 March 2013, following a themed inspection of the industry in relation to APRs and costs of credit.