Written Question·Treasury·UIN 18293

Credit: Regulation

Tabled: 13 July 2026
Answered: 16 July 2026

Question

Gordon McKee

LabourGlasgow South

To ask the Chancellor of the Exchequer, what the Government’s timetable is for bringing buy now, pay later products within the financial-services regulatory framework.

Answer

Rachel Blake
In July 2025, Parliament passed legislation to bring Buy-Now, Pay-Later (BNPL) products within the scope of Financial Conduct Authority regulation. The new regulatory regime came into force on 15 July 2026 and last month the FCA published its final rules ...

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