{
  "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015",
  "json_url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015.json",
  "id": "ukdsi/2015/9780111138939",
  "title": "The Small and Medium Sized Business (Finance Platforms) Regulations 2015",
  "short_title": "Small and Medium Sized Business (Finance Platforms) 2015",
  "long_title": "These Regulations are made under Part 1 of the Small Business Enterprise and Employment Act 2015 (c.26) and impose a duty on designated banks to provide specified information about their small and medium sized business customers that they reject for finance to designated finance platforms (‘FPs’), and a duty, in turn, on designated FPs to provide specified information to finance providers who seek to access it.",
  "citation": "Draft 2015, ISBN 9780111138939",
  "type": "ukdsi",
  "year": "2015",
  "number": "9780111138939",
  "version": "current",
  "date": null,
  "revised": false,
  "valid_from": null,
  "extent": null,
  "unapplied_effects": 0,
  "provisions": [
    {
      "path": "introduction",
      "kind": "introduction",
      "number": null,
      "heading": "Introductory text",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/introduction",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/1",
      "kind": "part",
      "number": "1",
      "heading": "Introductory provisions",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/1",
      "kind": "regulation",
      "number": "1",
      "heading": "Citation and commencement",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-1",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "regulation/2",
      "kind": "regulation",
      "number": "2",
      "heading": "Interpretation",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-2",
      "extent": null,
      "status": null,
      "parent": "part/1"
    },
    {
      "path": "part/2",
      "kind": "part",
      "number": "2",
      "heading": "Provision of specified information about small and medium sized businesses by banks to finance platforms",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/3",
      "kind": "regulation",
      "number": "3",
      "heading": "Designated banks to provide information to designated finance platforms",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-3",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/4",
      "kind": "regulation",
      "number": "4",
      "heading": "Indication of agreement by businesses and incomplete information",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-4",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/5",
      "kind": "regulation",
      "number": "5",
      "heading": "Timing for provision of information to designated finance platforms and incomplete information",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-5",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/6",
      "kind": "regulation",
      "number": "6",
      "heading": "Designated finance platforms to provide information to finance providers",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-6",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/7",
      "kind": "regulation",
      "number": "7",
      "heading": "Maintenance and removal of access to finance providers",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-7",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "regulation/8",
      "kind": "regulation",
      "number": "8",
      "heading": "Designated finance platforms to provide information to the Treasury and retention of information",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-8",
      "extent": null,
      "status": null,
      "parent": "part/2"
    },
    {
      "path": "part/3",
      "kind": "part",
      "number": "3",
      "heading": "Designation of banks and finance platforms",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/9",
      "kind": "regulation",
      "number": "9",
      "heading": "Power to designate banks and finance platforms and to revoke designations",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-9",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/10",
      "kind": "regulation",
      "number": "10",
      "heading": "Criteria for the designation of a bank",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-10",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/11",
      "kind": "regulation",
      "number": "11",
      "heading": "Consultation before designation of a bank",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-11",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/12",
      "kind": "regulation",
      "number": "12",
      "heading": "Consultation before designation of a finance platform",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-12",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "regulation/13",
      "kind": "regulation",
      "number": "13",
      "heading": "Record of designated banks and finance platforms",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-13",
      "extent": null,
      "status": null,
      "parent": "part/3"
    },
    {
      "path": "part/4",
      "kind": "part",
      "number": "4",
      "heading": "Complaints about designated finance platforms",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/14",
      "kind": "regulation",
      "number": "14",
      "heading": "Extension of the jurisdiction of the Financial Ombudsman Scheme to designated finance platforms",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-14",
      "extent": null,
      "status": null,
      "parent": "part/4"
    },
    {
      "path": "part/5",
      "kind": "part",
      "number": "5",
      "heading": "Monitoring of compliance and enforcement",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "part/5/chapter/1",
      "kind": "chapter",
      "number": "1",
      "heading": "The FCA",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/15",
      "kind": "regulation",
      "number": "15",
      "heading": "Functions of the FCA",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-15",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/1"
    },
    {
      "path": "regulation/16",
      "kind": "regulation",
      "number": "16",
      "heading": "Monitoring and enforcement",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-16",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/1"
    },
    {
      "path": "regulation/17",
      "kind": "regulation",
      "number": "17",
      "heading": "Guidance and consultation",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-17",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/1"
    },
    {
      "path": "regulation/18",
      "kind": "regulation",
      "number": "18",
      "heading": "Fees and penalties",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-18",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/1"
    },
    {
      "path": "regulation/19",
      "kind": "regulation",
      "number": "19",
      "heading": "Exemption from liability in damages",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-19",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/1"
    },
    {
      "path": "part/5/chapter/2",
      "kind": "chapter",
      "number": "2",
      "heading": "Reporting and information",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/20",
      "kind": "regulation",
      "number": "20",
      "heading": "Reporting requirements",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-20",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/2"
    },
    {
      "path": "regulation/21",
      "kind": "regulation",
      "number": "21",
      "heading": "Record keeping",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-21",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/2"
    },
    {
      "path": "regulation/22",
      "kind": "regulation",
      "number": "22",
      "heading": "Restrictions on disclosure of information",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-22",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/2"
    },
    {
      "path": "part/5/chapter/3",
      "kind": "chapter",
      "number": "3",
      "heading": "Investigatory powers",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/23",
      "kind": "regulation",
      "number": "23",
      "heading": "Information gathering and investigations under Part 11 of the 2000 Act",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-23",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/3"
    },
    {
      "path": "regulation/24",
      "kind": "regulation",
      "number": "24",
      "heading": "Protected information",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-24",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/3"
    },
    {
      "path": "part/5/chapter/4",
      "kind": "chapter",
      "number": "4",
      "heading": "Disciplinary measures",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/25",
      "kind": "regulation",
      "number": "25",
      "heading": "Public censure",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-25",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/4"
    },
    {
      "path": "regulation/26",
      "kind": "regulation",
      "number": "26",
      "heading": "Financial penalties",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-26",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/4"
    },
    {
      "path": "regulation/27",
      "kind": "regulation",
      "number": "27",
      "heading": "Limitations on permission to carry on regulated activities",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-27",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/4"
    },
    {
      "path": "part/5/chapter/5",
      "kind": "chapter",
      "number": "5",
      "heading": "Injunctions and restitution",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/28",
      "kind": "regulation",
      "number": "28",
      "heading": "Injunctions",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-28",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/5"
    },
    {
      "path": "regulation/29",
      "kind": "regulation",
      "number": "29",
      "heading": "Power of FCA to require restitution",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-29",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/5"
    },
    {
      "path": "regulation/30",
      "kind": "regulation",
      "number": "30",
      "heading": "Restitution orders",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-30",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/5"
    },
    {
      "path": "part/5/chapter/6",
      "kind": "chapter",
      "number": "6",
      "heading": "Misleading the FCA",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/31",
      "kind": "regulation",
      "number": "31",
      "heading": "Offence of misleading the FCA",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-31",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/6"
    },
    {
      "path": "regulation/32",
      "kind": "regulation",
      "number": "32",
      "heading": "Restriction on penalties",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-32",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/6"
    },
    {
      "path": "regulation/33",
      "kind": "regulation",
      "number": "33",
      "heading": "Liability of officers of bodies corporate etc",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-33",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/6"
    },
    {
      "path": "regulation/34",
      "kind": "regulation",
      "number": "34",
      "heading": "Proceedings for offence",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-34",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/6"
    },
    {
      "path": "regulation/35",
      "kind": "regulation",
      "number": "35",
      "heading": "Further provisions relating to proceedings for offence",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-35",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/6"
    },
    {
      "path": "part/5/chapter/7",
      "kind": "chapter",
      "number": "7",
      "heading": "Procedure",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/36",
      "kind": "regulation",
      "number": "36",
      "heading": "Requirement to issue warning notice",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-36",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/7"
    },
    {
      "path": "regulation/37",
      "kind": "regulation",
      "number": "37",
      "heading": "Requirement to issue decision notice",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-37",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/7"
    },
    {
      "path": "regulation/38",
      "kind": "regulation",
      "number": "38",
      "heading": "Third party rights",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-38",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/7"
    },
    {
      "path": "regulation/39",
      "kind": "regulation",
      "number": "39",
      "heading": "Service of notices",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-39",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/7"
    },
    {
      "path": "regulation/40",
      "kind": "regulation",
      "number": "40",
      "heading": "Statements of policy",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-40",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/7"
    },
    {
      "path": "regulation/41",
      "kind": "regulation",
      "number": "41",
      "heading": "Application of Part 26 of the 2000 Act",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-41",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/7"
    },
    {
      "path": "part/5/chapter/8",
      "kind": "chapter",
      "number": "8",
      "heading": "Referral to the Tribunal",
      "url": null,
      "extent": null,
      "status": null,
      "parent": "part/5"
    },
    {
      "path": "regulation/42",
      "kind": "regulation",
      "number": "42",
      "heading": "Referral to Tribunal",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-42",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/8"
    },
    {
      "path": "regulation/43",
      "kind": "regulation",
      "number": "43",
      "heading": "The Tribunal",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-43",
      "extent": null,
      "status": null,
      "parent": "part/5/chapter/8"
    },
    {
      "path": "part/6",
      "kind": "part",
      "number": "6",
      "heading": "Review",
      "url": null,
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "regulation/44",
      "kind": "regulation",
      "number": "44",
      "heading": "Review",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/regulation-44",
      "extent": null,
      "status": null,
      "parent": "part/6"
    },
    {
      "path": "signature",
      "kind": "signature",
      "number": null,
      "heading": "Signature",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/signature",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "schedule",
      "kind": "schedule",
      "number": null,
      "heading": "Specified information",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/schedule",
      "extent": null,
      "status": null,
      "parent": null
    },
    {
      "path": "note",
      "kind": "note",
      "number": null,
      "heading": "Explanatory note",
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/note",
      "extent": null,
      "status": null,
      "parent": null
    }
  ],
  "has_text": true,
  "pdfs": [
    {
      "title": "Printed copy",
      "main": true,
      "language": null,
      "date": "2015-09-07",
      "size": 143431,
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/pdf/ukdsi_9780111138939_en.pdf",
      "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111138939/pdfs/ukdsi_9780111138939_en.pdf"
    },
    {
      "title": "UK Draft Explanatory Memorandum",
      "main": false,
      "language": null,
      "date": "2015-09-07",
      "size": 34601,
      "url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/pdf/ukdsiem_9780111138939_en.pdf",
      "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111138939/pdfs/ukdsiem_9780111138939_en.pdf"
    }
  ],
  "outstanding_effects": [],
  "made_under": [
    {
      "id": "ukpga/2015/26",
      "title": "Small Business, Enterprise and Employment Act 2015",
      "url": "https://openlegislation.uk/small-business-enterprise-and-employment-act-2015",
      "provisions": [
        "section/5",
        "section/6",
        "section/7",
        "section/28",
        "section/161"
      ]
    }
  ],
  "changes_made_to": 0,
  "changes_made_to_url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/changes.json",
  "changes_made_by": 0,
  "changes_made_by_url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/changes/by-it.json",
  "instruments_made_under": 0,
  "instruments_made_under_url": "https://openlegislation.uk/draft-small-and-medium-sized-business-finance-platforms-regulations-2015/instruments.json",
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukdsi/2015/9780111138939",
    "retrieved_at": "2026-10-30T15:09:19.612347+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}