Deferred Payment Credit comes within the FCA’s perimeter GlobalData Tue, February 24, 2026 at 8:22 PM GMT+5:30 7 min read On 11 February, the FCA published Policy Statement 26/1 in which it confirmed that draft rules relating to deferred payment credit (DPC) which it consulted on back in July 2025 will be taken forward, largely unchanged. The rules will apply from 15 July 2026 and, in summary, require DPC lenders to: provide borrowers with pre-contractual information, information during the course of the DPC agreement and when a customer misses a payment; carry out creditworthiness and affordability assessments on borrowers; complete regulatory reporting like other regulated lenders, and comply with all other relevant sections of the FCA handbook, in particular in relation to the Consumer Duty, which will be the FCA’s chief way of policing DPC lenders given that the new rules deliberately lack prescription. Borrowers will also get the ability to complain to the Financial Ombudsman Service but won’t be eligible to claim compensation from the Financial Services Compensation Scheme.
