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    Regulation of Buy-Now Pay-Later: Consultation on draft legislation

    By David Petty   | 16/02/2023


    On 2 February 2021, the government announced its intention to regulate interest-free Buy-Now Pay-Later (BNPL) products . They consulted on policy options back in October 2021, followed by a consultation response released in June 2022.

    The government is now consulting on draft legislation to bring Buy-Now-Pay-Later products into regulation, the draft was released on 14 February 2023 and is open for consultation until 11:59pm on 11 April 2023.

    Please follow the link here to the full consultation on draft legislation.

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