4 Small and medium sized businesses: information to credit reference agencies
Small Business, Enterprise and Employment Act 2015 (2015 c 26) | Legislation

Financial Information about Businesses

4  Small and medium sized businesses: information to credit reference agencies

(1)     The Treasury may make regulations that impose—

(a)     a duty on designated banks to provide information about their small and medium sized business customers to designated credit reference agencies, and

(b)     a duty on designated credit reference agencies to provide information about small and medium sized businesses to finance providers.

(2)     The regulations must provide that the duty in subsection (1)(a) only applies where—

(a)     a credit reference agency makes a request to a bank, and

(b)     the business customer to whom the information relates has

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