# The Financial Services and Markets Act 2000 (Regulated Activities) Order 2001, Article 60M: Total charge for credit


(1) The FCA may make rules specifying how the total charge for credit to the borrower under a credit agreement is to be determined for the purposes of this Chapter.
(2) Rules made under paragraph (1) may in particular—
(a) specify how the total charge for credit to a person who is, or is to become, the borrower under a credit agreement is to be determined;
(b) specify what items are to be included in determining the total charge for credit and how the value of those items is to be determined;
(c) specify the method of calculating the rate of the total charge for credit;
(d) provide for the whole or part of the amount payable by the borrower or a relative of the borrower under a linked transaction (within the meaning given by article 60E(8)) to be included in the total charge for credit, whether or not the lender is a party to the transaction or derives a benefit from it.

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Source: https://www.legislation.gov.uk/uksi/2001/544/article/60M (the official version)
Page: https://openlegislation.uk/financial-services-and-markets-act-2000-regulated-activities-order-2001/article-60M
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.