The OUPS Trustees have obtained confirmation (June 6th 2017) from the Financial Conduct Authority (FCA) that the OUPS PayPlan scheme is exempt from FCA authorisation because:

1. All our payment plans run for less than 12 months with fewer than 12 instalments;
2. We do not operate with the primary business purpose of selling financial services;
3. We only offer agreements for fixed amounts;
4. We do not charge interest or admin fees for using OUPS PayPlan other than to cover cancellation costs.

See Instalment credit agreements: consumer credit firms for further details.