Previous News, Media & Publications

Changes to the LSB registration rules

Please click here to read a notice regarding changes that have been made to the LSB's rules.

Sir Robin Mountfield

It is with great sadness that we have to report the death of Sir Robin Mountfield on 9 November 2011. Robin joined our Board in January 2007 and has made a very significant contribution to the work of the BCSB and the LSB.

Yorkshire Building Society

Following its merger with the Norwich & Peterborough Building Society, the Yorkshire Building Society has become a subscriber to the Lending Code.

Pre-notification of current account charges

Click here to view

New Code launched

Following the independent review of the Lending Code, a new edition has been launched which becomes effective on 31 March 2011.

Click here to see a copy of the new Code

Changes to the LSB registration rules

Please click here to read a notice regarding changes that have been made to the LSB's rules.

Seminars in April for subscribers to the Lending Code

As advised in LSB Bulletin No. 3 we are holding two Seminars in April for subscribers to the Lending Code. If you wish to attend please complete the registration form confirming the venue you would like to attend:


19 April : Hilton Hotel Belfast, 4 Lanyon Place, Belfast, BT1 3LP
20 April : City of London Club, 19 Old Broad Street, London, EC2N 1DS


Click here for Registration Form.

A new approach to financial regulation

Consultation on reforming the consumer credit regime.

Click here to view a copy of the LSB's submission to the HMT/BIS consultation on the future of consumer credit regulation.

The independent reviewer, Professor Lorne Crerar, has now completed his review of the Lending Code.

Click here to see a copy of his report.

Click here to see a copy of the response from the Lending Code Sponsors indicating the changes that will be included in the new edition of the Code.

Click here to view the press release regarding the outcome of the review.

A new edition of the Code will be introduced at the end of March.

The LSB is looking to recruit a new Compliance Director.

The Compliance Director will lead a team responsible for monitoring all aspects of compliance with the Lending Code by subscribing firms and for the provision of advice and guidance to these firms.


The role involves the provision of clear and detailed reports to the LSB Executive and Board, to subscribing firms and (where appropriate) in preparation for possible enforcement actions. As part of the LSB Executive team, there will be a requirement to represent the LSB by speaking at conferences and seminars and writing articles for publication, including content for the LSB Annual Report, Bulletins and website.


Interested candidates can obtain a candidate brief by e-mailing gayekirby@lstdb.org.uk

The closing date for applications is 21 February 2011

Lending Code

The Lending Code has been updated to reflect:

(i) New commitments in respect of lending to micro-enterprises which came into effect on 1 December 2010

(ii) New rules in respect of credit cards that were introduced on 1 January 2011


Click here to view the updated code

Guidance to Subscribers - The use of the right of set off

Click here to view.

Review of the Lending Code

The LSB has announced that it is seeking an independent Reviewer to undertake the first full review of the Lending Code.

Click here for further information.