Consumer credit firms offering only instalment credit agreements may be exempt from our authorisation. Find out the details here.
Your instalment credit agreement is exempt from our authorisation if it meets all of the following criteria.
If you offer any additional financial services or arrangements that qualify as regulated activities, then you will need to be authorised by us.
It’s your responsibility to figure out whether your instalment credit agreement is exempt from our authorisation. If necessary, seek independent legal advice.