 Instead, each platform is reviewed on a case-by-case basis to decide whether the platform requires a license to operate.In general, if the money raised is only brokered via the platform and not centrally pooled in any way, unlicensed providers are acting within the law.On 1 April 2014, the regulation of the consumer credit market transferred from the Office of Fair Trading (OFT) to the Financial Conduct Authority (FCA).