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2012Code of Conduct for Business Lending toSmall and Medium EnterprisesScopeThis Code applies to all business lending by regulated entities.This Code shall not apply to Credit Unions. Credit Union means a credit union asdefined in the Credit Union Act 1997 (as may be amended or replaced from time totime).The Codes objectives are:to facilitate access to credit for sustainable and productive businesspropositions,to promote fairness and transparency in the treatment of SMEs by regulatedentities, andto ensure that when dealing with financial difficulties cases, the aim of aregulated entity will be to assist borrowers to meet their obligations, orotherwise deal with the situation in an orderly and appropriate manner.This Code sets out the processes regulated entities are required to adopt in facilitatingaccess to credit for SMEs.This Code applies to regulated entities when providing the following credit productswithin the State to SMEs operating within the State, unless otherwise stated:overdrafts,loans,term loans,leasing,hire purchase, andinvoice discounting,but excluding:lending to other financial institutions,syndicated, club, or multi-lender transactions, andspecial purpose vehicles including vehicles established for the purposes of aparticular transaction.Some provisions of this Code apply when providing credit facilities to all SMEs, whileothers only apply to smaller enterprises.

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