Key differences between the CCA and FSMA regimes

The OFT's consumer credit regime under the Consumer Credit Act 1974 (CCA) and the FSA's financial services regime under the Financial Services and Markets Act 2000 (FSMA) are two very different regulatory regimes. These regulators have different statutory powers and different ways of regulating. This note outlines the key differences between the two regimes. It reflects the position as at December 2010.

Changes to the regulatory regimes under the CCA and FSMA made after December 2010 are outside the scope of this note.

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