From 1 July 2017, the finance and banking industry operating in the UK will be represented by a new trade association, UK Finance.
It will represent around 300 firms in the UK providing credit, banking, markets and payment-related services.
The new organisation will take on activities previously carried out by the Asset Based Finance Association, the British Bankers’ Association, the Council of Mortgage Lenders, Financial Fraud Action UK, Payments UK and the UK Cards Association.
The CML Lenders’ Handbook will continue, but it will be renamed the “UK Finance Mortgage Lenders’ Handbook” (‘the Handbook’).
The CML will rename the Handbook from 1 July 2017.
Associated documents (for example, the Disclosure of Incentives Form) on the CML website in due course.
Website urls and bookmarked links relating to the Handbook will continue to work as normal.
From 1 July, all references to the CML Lenders’ Handbook shall be deemed to mean the UK Finance Mortgage Lenders’ Handbook.
Any associated documents which refer to the CML shall be deemed to mean UK Finance.