The UK consumer credit regime is complex and consists of the Consumer Credit Act 1974 (CCA) and the FCA's Consumer Credit sourcebook (CONC), as well as other parts of the FCA Handbook including the consumer duty.

It is possible that informal lending, such as that between family members, friends, trustees, beneficiaries and settlors, is caught by the regime. This note provides an overview of the issues those considering entering into such arrangements need to take into account.