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<p>Peer-to-peer lending is an innovative new form of finance and the Government is
keen to see this sector continue to grow and evolve.</p><p> </p><p> </p><p>Following
representations from the peer-to-peer sector, the Government announced in November
2012 its intention to bring peer-to-peer lending within the regulatory scope of the
Financial Conduct Authority from April 2014. Proportionate regulation will allow the
sector to continue to grow.</p><p> </p><p> </p><p> </p><p>The Government has not made
an assessment of the size of the peer-to-peer consumer and business finance markets.</p><p>
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