This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK moves to update rules to help SMEs obtain finance after bank rejection

( October 27, 2025, 10:07 GMT | Official Statement) -- MLex Summary: The UK finance ministry is seeking views on updating its Bank Referral Scheme, an initiative from 2014 that requires major lenders, whenever they reject an SME's application for finance, to refer that business to finance platforms that can match it to an alternative finance provider. The ministry is considering amending the legislation to capture building societies and non-bank lenders that are — or may become in future — important providers of SME finance. There are currently nine designated banks under the scheme. The consultation is open until Dec. 22.Consultation is attached....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login