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From 1 July 2017, the finance and banking trade operating in the UK will be represented by a brand new commerce affiliation, UK Finance. It should symbolize round 300 companies within the UK providing credit score, banking, markets and payment-related providers. The new organisation will tackle most of the activities beforehand carried out by the Asset Based Finance Association, the British Bankers’ Affiliation, the Council of Mortgage Lenders, Monetary Fraud Action UK, Funds UK and the UK Cards Affiliation.