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Provisional decision: review of the SME Banking Undertakings 2002
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This consultation has now closed. The CMA has published its final decision that the undertakings are no longer appropriate. Accordingly, the undertakings have now been released in entirety.
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About this consultation
The CMA has published its provisional decision that the remaining provisions of the SME Banking Undertakings 2002 (the ‘Limitation on Bundling Provisions’) are no longer appropriate and should be released. These provisions require 8 banks not to compel customers to open or maintain a BCA as a condition for accessing business loans or deposit accounts.
We want to hear from you
We invite stakeholders' views on our provisional decision and notice of intention to release the Limitation on Bundling Provisions. The information we receive will inform our final decision on the outcome.
We would particularly like to hear from respondents representing banks, SMEs, relevant regulators and the UK government.
We are not seeking views on any other order or undertaking relevant to retail banking for small- and medium-sized enterprises (SMEs).
This consultation has now closed. The CMA has published its final decision that the undertakings are no longer appropriate. Accordingly, the undertakings have now been released in entirety.
________________________________________
About this consultation
The CMA has published its provisional decision that the remaining provisions of the SME Banking Undertakings 2002 (the ‘Limitation on Bundling Provisions’) are no longer appropriate and should be released. These provisions require 8 banks not to compel customers to open or maintain a BCA as a condition for accessing business loans or deposit accounts.
We want to hear from you
We invite stakeholders' views on our provisional decision and notice of intention to release the Limitation on Bundling Provisions. The information we receive will inform our final decision on the outcome.
We would particularly like to hear from respondents representing banks, SMEs, relevant regulators and the UK government.
We are not seeking views on any other order or undertaking relevant to retail banking for small- and medium-sized enterprises (SMEs).
