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Regulatory Knowledge 1 Changes to consumer credit regulation

Customers who are protected

Customers who are protected are:

Private individuals

Private individuals (unless the loan is for more than £60,260, in which case the customer can, if eligible, opt to use the High Net Worth Exemption).

Sole traders and partnerships

Sole traders and partnerships of up to three partners (provided the loan is for personal use and does not exceed £25,000).

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