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Removal of references to SECCI by 30 May 2021

New Brexit regulations implemented in 2020 require lenders to remove all references made to Standard European Consumer Credit Information (SECCI) in their documentation by 30 May 2021.

There is no requirement to replace the SECCI heading within documentation, but the term must be removed otherwise there is a risk that the finance agreement is unenforceable against the customer.

Today the SAF Expert training material and test have been updated to reflect this requirement.  Details of where the changes have been made are provided here.