Providers of PCP must now be authorised by Central Bank

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Providers and servicers of PCP, consumer hire and indirect credit, also known as buy now pay later, now need to be authorised by the Central Bank.

It follows the extension of the existing regulatory regimes following the commencement of the Consumer Protection Act 2022 by the Minister for Finance.

This includes provisions of the Consumer Protection Code 2012, the Minimum Competency Code 2017, and the Minimum Competency Regulations 2017.

 

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