fintech / news / / Evening Standard
The sector will come under the Financial Conduct Authority’s regulation from July 15 2026.
Buy now pay later firms will come under FCA regulation starting July 15, 2026.
KEY POINTS
- BNPL lenders must undergo FCA authorisation and will be subject to the Consumer Duty.
- Proportionate affordability checks and clearer upfront information will be mandatory for BNPL users.
- Consumers will gain the right to complain to the Financial Ombudsman Service if issues arise.
- BNPL firms can register for temporary permissions between May 15 and July 1, 2026.
COMPANIES
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