Consultation outcome

Provisional decision: review of the SME Banking Undertakings 2002

From:
Competition and Markets Authority
Published
13 August 2025
Last updated
1 December 2025 — See all updates
This consultation has concluded

Read the full outcome

Final decision

PDF, 449 KB, 41 pages

Detail of outcome

The Competition and Markets Authority (CMA) has published its final decision that the undertakings are no longer appropriate. Accordingly, the undertakings have now been released in entirety.

Feedback received

Allica Bank

PDF, 114 KB, 2 pages

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Barclays

PDF, 195 KB, 2 pages

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ClearBank

PDF, 263 KB, 2 pages

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Federation of Small Businesses

PDF, 163 KB, 4 pages

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Forum of Private Business

PDF, 134 KB, 1 page

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HSBC

PDF, 109 KB, 1 page

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Innovate Finance

PDF, 254 KB, 8 pages

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Innovate Finance (follow-up feedback)

PDF, 192 KB, 3 pages

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iwoca

PDF, 112 KB, 1 page

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Lloyds Banking Group

PDF, 167 KB, 2 pages

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NatWest Group

PDF, 247 KB, 5 pages

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The Cantor Institute

PDF, 212 KB, 5 pages

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UK Finance

PDF, 144 KB, 2 pages

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WISE

PDF, 102 KB, 2 pages

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Original consultation

Summary

The Competition and Markets Authority (CMA) consulted on its provisional decision to release the remaining provisions of the SME Banking Undertakings 2002.

This consultation ran from
to

Consultation description

The CMA has published its provisional decision that the remaining provisions of the SME Banking Undertakings 2002 (the ‘Limitation on Bundling Provisions’) are no longer appropriate and should be released.

We invite views on our provisional decision and notice of intention to release the Limitation on Bundling Provisions. We are not seeking views on any other order or undertaking relevant to retail banking for small and medium-sized enterprises (SMEs).

Documents

Provisional decision

PDF, 417 KB, 34 pages

Updates to this page

Published 13 August 2025
Last updated 1 December 2025 show all updates

  1. Final decision published.

  2. First published.

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