OFT

News & Analysis as of

Finally Certainty About Licensing SPVs Under the FCA Consumer Credit Regime

From 1 April 2014, responsibility for the regulation of consumer credit in the UK was transferred from the Office of Fair Trading (“OFT”) to the Financial Conduct Authority (“FCA”), drawing certain activities relating to...more

UK: OFT gives games developers 2 months to comply with consumer laws (or else)

Following the consultation it carried out last year into the freemium games markets, the UK’s consumer watchdog, the Office of Fair Trading, has published its finalised set of principles to be adhered to by the games...more

FCA Issues Consultation Paper on Crowdfunding in the UK

The Financial Conduct Authority issued a consultation paper on the regulation of crowdfunding activities in the UK, in advance of assuming the responsibility for regulating consumer credit in the UK (previously the remit of...more

Risk of Intervention in Market for Information and Communications Technology Services for the Public Sector

Introduction - The Office of Fair Trading (OFT) has decided, following its call for information in July 2013, to commence a market study into the supply of information and communications technology (ICT) goods and...more

Pension News - September 2013

Welcome to DLA Piper’s Pensions News publication in which we report on recent developments in pensions legislation, guidance and case law, as well as keeping you up to speed on what to look out for in the coming months. This...more

OFT Annual Plan for 2013/14: Financial Services Implications

On March 21, the OFT published its annual plan setting out its priorities for 2013/14. The OFT stated that it does not intend to make any fundamental changes to the themes for 2013/14 but that the following financial...more

U.K. OFT Takes Broad Action Against Payday Lenders

On March 6, the U.K. Office of Fair Trading (OFT) announced that it will institute enforcement actions and seek to revoke the licenses of payday lenders that do not change certain business practices within 12 weeks. The...more

OFT Launches Review into Payday Lending

On February 24, the OFT launched a review of the payday lending sector, to be carried out alongside enforcement actions being taken within the payday lending sector, as a result of concerns that certain payday lenders were...more

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