What does CONC stand for in the UK consumer credit framework?

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Multiple Choice

What does CONC stand for in the UK consumer credit framework?

CONC stands for Consumer Credit Sourcebook, the part of the FCA Handbook that sets out the rules for consumer credit activities in the UK. It covers how lenders and brokers assess affordability and creditworthiness, what information must be disclosed pre- and post-contract, advertising and sales conduct standards, and ongoing compliance requirements. The term “Sourcebook” indicates a comprehensive collection of regulations rather than a single rule, and this is the official naming regulators use. The other suggested names don’t match the regulator’s terminology.

CONC stands for Consumer Credit Sourcebook, the part of the FCA Handbook that sets out the rules for consumer credit activities in the UK. It covers how lenders and brokers assess affordability and creditworthiness, what information must be disclosed pre- and post-contract, advertising and sales conduct standards, and ongoing compliance requirements. The term “Sourcebook” indicates a comprehensive collection of regulations rather than a single rule, and this is the official naming regulators use. The other suggested names don’t match the regulator’s terminology.

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