Update to LCF Law - Notice of Disapplication

Following feedback from industry, the Commission has amended the Notice of Disapplication of Licensing Requirement, issued under section 40 of the Lending, Credit and Finance Law, which sets out a number of class exemptions from licensing.

Three of the changes were made to clarify the disapplications in respect of lending secured against property which is outside the Bailiwick, lending by companies within a trust structure and the arrangements for appointed motor traders  while the final change removed the cash limit from the Lombard lending disapplication.