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Hire Agreements and FCA Regulations

Release Date: 

The BVRLA is reminding members that any rental company who has hire agreements for a period of 90 days or more with a consumer, sole trader or a partnership with three or less partners should be regulated by the Financial Conduct Authority (FCA).

Rental agreements to a limited company for any duration do not generally fall within the scope of FCA regulation.

More information is available on the FCA website