Credit: Regulation

(asked on 23rd May 2023) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, with reference to the consultation entitled Regulation of Buy-Now Pay Later: consultation on draft legislation, when he plans to (a) publish the outcome of that consultation and (b) lay any legislation required before Parliament.


Answered by
Andrew Griffith Portrait
Andrew Griffith
Minister of State (Department for Science, Innovation and Technology)
This question was answered on 5th June 2023

The Government is working at pace to bring Buy-Now Pay-Later (BNPL) products into regulation. On 14 February 2023, the Government published a consultation on the draft legislation that will bring BNPL products into FCA regulation in a proportionate way. This consultation closed on 11 April. The Government is now carefully considering stakeholder feedback and is finalising policy positions.

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