http://www.techcelerate.venturesYour Cheif Investment Officer for raising Series A investment in the UKThis report sets out our findings on whether any feature or combination of features in this market prevents, restricts or distorts competition, thus constituting an adverse effect on competition (AEC) along with our decisions on the remedies necessary to address any AEC
Payday lending
market investigation
Final report
24 February 2015
Crown copyright 2015
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Members of the Competition and Markets Authority
who conducted this inquiry
Simon Polito (Chair of the Group)
Katherine Holmes
Ray King
Tim Tutton
Chief Executive of the Competition and Markets Authority
Alex Chisholm
The Competition and Markets Authority has excluded from this published version of the
report information which the inquiry group considers should be excluded having regard to
the three considerations set out in section 244 of the Enterprise Act 2002 (specified
information: considerations relevant to disclosure). The omissions are indicated by [].
Some numbers have been replaced by a range. These are shown in square brackets.
Non-sensitive wording is also indicated in square brackets.
Contents
Page
Summary .................................................................................................................... 1
Findings .................................................................................................................... 27
1. Introduction ......................................................................................................... 27
The reference and statutory task ..................................................................... 27
Context of the investigation ............................................................................. 28
Conduct of the investigation ............................................................................ 30
Structure of final report .................................................................................... 30
2. Background to the payd