Hyperlawhypertext legal database Consumer Credit Act 2006 current to 2016-01-26

UKPGA-2006-14 Consumer Credit Act 2006 UK

Current to 2016-01-26

Contents
preamble

Be it enacted by the Queen's most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same, as follows:—

Agreements regulated under the 1974 Act etc.

s. 1 — Definition of ‘individual’

In section 189(1) of the 1974 Act (definitions) for the definition of “individual” substitute—.

s. 2 — Removal of financial limits etc.
s. 2(1)

In section 8 of the 1974 Act (which defines consumer credit agreements)—

s. 2(1)(a)

in subsection (1) for “personal” substitute “ consumer ”;

s. 2(1)(b)

subsection (2) shall cease to have effect.

s. 2(2)

In section 15(1) of that Act (which defines consumer hire agreements) paragraph (c) and the “and” immediately preceding it shall cease to have effect.

s. 2(3)

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s. 3 — Exemption relating to high net worth debtors and hirers

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s. 4 — Exemption relating to businesses

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s. 5 — Consequential amendments relating to ss. 1 to 4
s. 5(1)

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s. 5(2)

In section 10 of that Act (running-account credit and fixed-sum credit)—

s. 5(2)(a)

in subsection (1) for “personal” wherever occurring substitute “ consumer ”;

s. 5(2)(b)

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s. 5(3)

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s. 5(4)

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s. 5(5)

In subsection (1) of section 158 of that Act (duty of credit reference agency to disclose filed information) for paragraph (a) substitute—.

s. 5(6)

After subsection (4) of that section insert—

s. 5(7)

In section 181(1) and (2) of that Act (power to alter monetary limits etc.) for “8(2), 15(1)(c)” substitute “ 16B(1) ”.

s. 5(8)

In subsection (5) of section 185 of that Act (agreement with more than one debtor or hirer)—

s. 5(8)(a)

in paragraph (b) for “a body corporate” substitute “ not an individual ”;

s. 5(8)(b)

for “the body corporate or bodies corporate” substitute “ each person within paragraph (b) ”.

s. 5(9)

In subsection (6) of that section after “a body corporate” insert “ within paragraph (b) of that subsection ”.

s. 5(10)

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Statements to be provided in relation to regulated credit agreements

s. 6 — Statements to be provided in relation to fixed-sum credit agreements

After section 77 of the 1974 Act insert—

s. 7 — Further provision relating to statements
s. 7(1)

In section 78 of the 1974 Act (duty to give information to debtor under running-account credit agreement) after subsection (4) insert—

s. 7(2)

In subsection (7) of that section for “(4) and (5)” substitute “ (4) to (5) ”.

s. 7(3)

In section 185 of that Act (agreement with more than one debtor or hirer) for subsection (2) substitute—

Default under regulated agreements

s. 8 — OFT to prepare information sheets on arrears and default

At the beginning of Part 7 of the 1974 Act insert—

s. 9 — Notice of sums in arrears under fixed-sum credit agreements etc.

After section 86A of the 1974 Act (inserted by section 8 of this Act) insert—

s. 10 — Notice of sums in arrears under running-account credit agreements

After section 86B of the 1974 Act (inserted by section 9 of this Act) insert—

s. 11 — Failure to give notice of sums in arrears

After section 86C of the 1974 Act (inserted by section 10 of this Act) insert—

s. 12 — Notice of default sums

After section 86D of the 1974 Act (inserted by section 11 of this Act) insert—

s. 13 — Interest on default sums

After section 86E of the 1974 Act (inserted by section 12 of this Act) insert—

s. 14 — Default notices
s. 14(1)

In subsections (2) and (3) of section 88 of the 1974 Act (contents and effect of default notice) for “seven” wherever occurring substitute “ 14 ”.

s. 14(2)

In subsection (4) of that section after “it” insert “ and any other prescribed matters relating to the agreement ”.

s. 14(3)

After that subsection insert—

s. 15 — Enforceability of regulated agreements

In section 127 of the 1974 Act (enforcement orders in cases of infringement) subsections (3) to (5) shall cease to have effect.

s. 16 — Time orders
s. 16(1)

In subsection (1) of section 129 of the 1974 Act (time orders) before paragraph (c) insert—.

s. 16(2)

After that section insert—

s. 16(3)

In section 143(b) of that Act (provision which may be made by rules of court in Northern Ireland) after “129(1)(b)” insert “ or (ba) ”.

s. 16(4)

In section 32(1) of the Sheriff Courts (Scotland) Act 1971 (c. 58) (regulation of civil procedure in sheriff court) after paragraph (l) insert—

s. 16(5)

In section 32(2B) of the Solicitors (Scotland) Act 1980 (c. 46) (offence for unqualified persons to prepare certain documents)—

s. 16(5)(a)

after “represent” insert “ —(a) ”;

s. 16(5)(b)

after “cause” insert—.

s. 17 — Interest payable on judgment debts etc.

After section 130 of the 1974 Act insert—

s. 18 — Definition of “default sum”
s. 18(1)

After section 187 of the 1974 Act insert—

s. 18(2)

In section 189(1) of that Act (definitions) after the definition of “default notice” insert—.

Unfair relationships

s. 19 — Unfair relationships between creditors and debtors

After section 140 of the 1974 Act insert—

s. 20 — Powers of court in relation to unfair relationships

After section 140A of the 1974 Act (inserted by section 19 of this Act) insert—

s. 21 — Interpretation of ss. 140A and 140B of the 1974 Act

After section 140B of the 1974 Act (inserted by section 20 of this Act) insert—

s. 22 — Further provision relating to unfair relationships
s. 22(1)

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s. 22(2)

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s. 22(3)

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s. 22(4)

In section 181 of that Act (power to alter monetary limits etc.)—

s. 22(4)(a)

in subsection (1) before “155(1)” insert “ 140B(6), ”;

s. 22(4)(b)

in subsection (2) before “shall” insert “ or 140B(6) ”.

Businesses requiring a licence and consequences of not being licensed

s. 23 — Definitions of ‘consumer credit business’ and ‘consumer hire business’

In section 189(1) of the 1974 Act (definitions)—

s. 23(a)

for the definition of ‘consumer credit business’ substitute—

s. 23(b)

for the definition of “consumer hire business” substitute—.

s. 24 — Debt administration etc.
s. 24(1)

In subsection (1) of section 145 of the 1974 Act (types of ancillary credit business) for the “or” after paragraph (d) substitute—.

s. 24(2)

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s. 24(3)

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s. 24(4)

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s. 24(5)

In subsection (3) of section 177 of that Act (saving for registered charges) and in the subsection (3) applied by virtue of subsection (5) of that section for “a business of debt-collecting” substitute “ a consumer credit business, a consumer hire business or a business of debt-collecting or debt administration ”.

s. 24(6)

In section 189(1) of that Act (definitions) after the definition of “debt-adjusting” insert—.

s. 25 — Credit information services
s. 25(1)

In subsection (1) of section 145 of the 1974 Act (types of ancillary credit business) before paragraph (e) insert—.

s. 25(2)

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s. 25(3)

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s. 25(4)

In each of the following provisions of that Act for “or debt-counselling” substitute “ , debt-counselling or the provision of credit information services ”

s. 25(4)(a)

section 152(1)(application of sections 52 to 54 to ancillary credit businesses);

s. 25(4)(b)

section 154 (prohibition of canvassing ancillary credit business off trade premises);

s. 25(4)(c)

section 156 (regulations about agreements entered into for ancillary credit businesses).

s. 25(5)

In section 189(1) of that Act (definitions) after the definition of “credit brokerage” insert—

s. 26 — Enforcement of agreements by unlicensed trader etc.

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Applications for licences and fitness to hold a licence etc.

s. 27 — Charge on applicants for licences etc.
s. 27(1)

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s. 27(2)

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s. 27(3)

In section 189 of that Act (definitions) after subsection (1) insert—

s. 27(4)

In section 191(1)(a) of that Act (special provisions as to Northern Ireland) after “notices” insert “ , charges ”.

s. 28 — Applications for standard licences

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s. 29 — Issue of standard licences

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s. 30 — Guidance on fitness test

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s. 31 — Variation of standard licences etc.

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s. 32 — Winding-up of standard licensee's business

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s. 33 — Consequential amendments relating to ss. 27 to 32

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Duration of licences and charges

s. 34 — Definite and indefinite licences

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s. 35 — Charges for indefinite licences

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s. 36 — Extension of period to pay charge for indefinite licence

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s. 37 — Failure to pay charge for indefinite licence

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Further powers of OFT to regulate conduct of licensees etc.

s. 38 — Power of OFT to impose requirements on licensees

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s. 39 — Power of OFT to impose requirements on supervisory bodies

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s. 40 — Supplementary provision relating to requirements

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s. 41 — Procedure in relation to requirements

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s. 42 — Guidance on requirements

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s. 43 — Consequential amendments relating to requirements

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Powers and duties in relation to information

s. 44 — Provision of information etc. by applicants

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s. 45 — Duties to notify changes in information etc.

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s. 46 — Power of OFT to require information generally

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s. 47 — Power of OFT to require access to premises

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s. 48 — Entry to premises under warrant

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s. 49 — Failure to comply with information requirement

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s. 50 — Officers of enforcement authorities other than OFT

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s. 51 — Consequential amendments relating to information
s. 51(1)

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s. 51(2)

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s. 51(3)

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s. 51(4)

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s. 51(5)

In Part 12 of that Act before section 175 insert—

s. 51(6)

In section 189(1) of that Act (definitions) after the definition of “deposit” insert—.

s. 51(7)

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Civil penalties

s. 52 — Power of OFT to impose civil penalties

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s. 53 — Further provision relating to civil penalties

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s. 54 — Statement of policy in relation to civil penalties

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Appeals

s. 55 — The Consumer Credit Appeals Tribunal

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s. 56 — Appeals to the Consumer Credit Appeals Tribunal
s. 56(1)

In subsection (1) of section 41 of the 1974 Act (appeals) for the words from “prescribed period” onwards substitute “ specified period, appeal to the Tribunal ”.

s. 56(2)

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s. 56(3)

Subsections (2) to (5) of that section shall cease to have effect.

s. 57 — Appeals from the Consumer Credit Appeals Tribunal

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s. 58 — Consequential amendments relating to appeals

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Ombudsman scheme

s. 59 — Financial services ombudsman scheme to apply to consumer credit licensees

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s. 60 — Funding of ombudsman scheme

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s. 61 — Consequential amendments relating to ombudsman scheme
s. 61(1)

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s. 61(2)

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s. 61(3)

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s. 61(4)

In subsection (4) of section 229 of that Act (awards by ombudsman) after “specify” insert “ for the purposes of the compulsory jurisdiction ”.

s. 61(5)

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s. 61(6)

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s. 61(7)

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s. 61(8)

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s. 61(9)

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s. 61(10)

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Miscellaneous

s. 62 — Monitoring of businesses by OFT

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s. 63 — Disapplication of s.101 of the 1974 Act
s. 63(1)

In section 101 of the 1974 Act (right of hirer to terminate regulated consumer hire agreement) after subsection (8) insert—

s. 63(2)

In subsection (8) of that section for the words from “this section” onwards substitute “ , subject to such conditions (if any) as it may specify, this section shall not apply to consumer hire agreements made by the applicant; and this Act shall have effect accordingly ”.

s. 64 — Determinations etc. by OFT

For section 183 of the 1974 Act (determinations etc. by OFT) substitute—

s. 65 — Sums received by OFT

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Final provisions

s. 66 — Financial provision

There shall be payable out of money provided by Parliament—

s. 66(a)

any expenditure incurred by a Minister of the Crown or the Office of Fair Trading by virtue of this Act; and

s. 66(b)

any increase attributable to this Act in the sums payable out of money so provided by virtue of any other Act.

s. 67 — Interpretation

In this Act—“the 1974 Act” means the Consumer Credit Act 1974 (c. 39);“the 2000 Act” means the Financial Services and Markets Act 2000 (c. 8).

s. 68 — Consequential amendments
s. 68(1)

The Secretary of State may by order made by statutory instrument make such modifications of—as he thinks fit in consequence of any provision of this Act.

s. 68(1)(a)

any Act or subordinate legislation (within the meaning of the Interpretation Act 1978 (c. 30)), or

s. 68(1)(b)

any Northern Ireland legislation or instrument made under such legislation,

s. 68(2)

An order under this section may include transitional or transitory provisions and savings.

s. 68(3)

A statutory instrument containing an order under this section may not be made by the Secretary of State unless a draft has been laid before and approved by a resolution of each House of Parliament.

s. 69 — Transitional provision and savings
s. 69(1)

Schedule 3 (which sets out transitional provision and savings) has effect.

s. 69(2)

The Secretary of State may by order made by statutory instrument make such transitional or transitory provisions and savings as he thinks fit in connection with the coming into force of any provision of this Act.

s. 69(3)

An order under this section may (amongst other things)—

s. 69(3)(a)

where a provision of this Act is brought into force for limited purposes only, make provision about how references in Schedule 3 to the commencement of that provision of this Act are to apply;

s. 69(3)(b)

make provision for or in connection with the application of any provision of this Act in relation to—before the coming into force of that provision of this Act.

s. 69(3)(b)(i)

things existing or done, or

s. 69(3)(b)(ii)

persons who have done something or in relation to whom something has been done,

s. 69(4)

An order under this section may—

s. 69(4)(a)

modify any Act or any subordinate legislation (within the meaning of the Interpretation Act 1978);

s. 69(4)(b)

modify any Northern Ireland legislation or any instrument made under such legislation;

s. 69(4)(c)

make different provision for different cases.

s. 69(5)

Schedule 3 does not restrict the power under this section to make transitional or transitory provisions or savings.

s. 70 — Repeals

The enactments and instruments set out in Schedule 4 are repealed or revoked to the extent shown in that Schedule.

s. 71 — Short title, commencement and extent
s. 71(1)

This Act may be cited as the Consumer Credit Act 2006.

s. 71(2)

This Act (apart from this section) shall come into force on such day as the Secretary of State may by order made by statutory instrument appoint; and different days may be appointed for different purposes.

s. 71(3)

This Act extends to Northern Ireland.

Sch 1
Sch 2

Part 3A of Schedule 17 to the 2000 Act

Sch 3

Transitional Provision and Savings

Interpretation

Sch 3 para 1
Sch 3 para 1(1)

Expressions used in the 1974 Act have the same meaning in this Schedule (apart from paragraphs 14 to 16 and 26) as they have in that Act.

Sch 3 para 1(2)

For the purposes of this Schedule an agreement becomes a completed agreement once—

Sch 3 para 1(2)(a)

there is no sum payable under the agreement; and

Sch 3 para 1(2)(b)

there is no sum which will or may become so payable.

Statements to be provided in relation to regulated agreements

Sch 3 para 2

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Sch 3 para 3

Regulations made under section 78(4A) of the 1974 Act may apply in relation to agreements regardless of when they were made.

Sch 3 para 4
Sch 3 para 4(1)

Section 7(3) of this Act shall have effect in relation to agreements whenever made.

Sch 3 para 4(2)

A dispensing notice given under section 185(2) of the 1974 Act which is operative immediately before the commencement of section 7(3)—

Sch 3 para 4(2)(a)

shall, on the commencement of section 7(3), be treated as having been given under section 185(2) as substituted by section 7(3); and

Sch 3 para 4(2)(b)

shall continue to be operative accordingly.

Default under regulated agreements

Sch 3 para 5

The OFT shall prepare, and give general notice of, the arrears information sheet and the default information sheet required under section 86A of the 1974 Act as soon as practicable after the commencement of section 8 of this Act.

Sch 3 para 6
Sch 3 para 6(1)

Section 86B of the 1974 Act applies in relation to agreements whenever made.

Sch 3 para 6(2)

In the application of section 86B in relation to an agreement made before the commencement of section 9 of this Act, the conditions under subsection (1) can be satisfied only if the two payments mentioned in paragraph (c) were not required to have been made before the commencement of section 9.

Sch 3 para 6(3)

In the case of an agreement within subsection (9) of section 86B, sub-paragraph (2) has effect as if for “two” there were substituted “four”.

Sch 3 para 7
Sch 3 para 7(1)

Section 86C of the 1974 Act applies in relation to agreements whenever made.

Sch 3 para 7(2)

In the application of section 86C in relation to an agreement made before the commencement of section 10 of this Act, the conditions mentioned in subsection (1) can be satisfied only if the two payments mentioned in paragraph (b) were not required to have been made before the commencement of section 10.

Sch 3 para 8

Section 86E of the 1974 Act applies in relation to agreements whenever made but only as regards default sums which become payable after the commencement of section 12 of this Act.

Sch 3 para 9
Sch 3 para 9(1)

Section 86F of the 1974 Act applies in relation to agreements whenever made but only as regards default sums which become payable after the commencement of section 13 of this Act.

Sch 3 para 9(2)

Where section 86F applies in relation to an agreement made before the commencement of section 13, the agreement shall have effect as if any right of the creditor or owner to recover compound interest in connection with the default sum in question at a particular rate were a right to recover simple interest in that connection at that rate.

Sch 3 para 10

Section 14 of this Act shall have effect in relation to any default notice served after the commencement of that section, regardless of—

Sch 3 para 10(a)

when the breach of the agreement in question occurred; or

Sch 3 para 10(b)

when that agreement was made.

Sch 3 para 11

The repeal by this Act of—has no effect in relation to improperly-executed agreements made before the commencement of section 15 of this Act.

Sch 3 para 11(a)

the words “(subject to subsections (3) and (4))” in subsection (1) of section 127 of the 1974 Act,

Sch 3 para 11(b)

subsections (3) to (5) of that section, and

Sch 3 para 11(c)

the words “or 127(3)” in subsection (3) of section 185 of that Act,

Sch 3 para 12

A debtor or hirer under an agreement may make an application under section 129(1)(ba) of the 1974 Act regardless of when that agreement was made.

Sch 3 para 13

Section 130A of the 1974 Act applies in relation to agreements whenever made but only as regards sums that are required to be paid under judgments given after the commencement of section 17 of this Act.

Unfair relationships

Sch 3 para 14
Sch 3 para 14(1)

The court may make an order under section 140B of the 1974 Act in connection with a credit agreement made before the commencement of section 20 of this Act but only—

Sch 3 para 14(1)(a)

on an application of the kind mentioned in paragraph (a) of subsection (2) of section 140B made at a time after the end of the transitional period; or

Sch 3 para 14(1)(b)

at the instance of the debtor or a surety in any proceedings of the kind mentioned in paragraph (b) or (c) of that subsection which were commenced at such a time.

Sch 3 para 14(2)

But the court shall not make such an order in connection with such an agreement so made if the agreement—

Sch 3 para 14(2)(a)

became a completed agreement before the commencement of section 20; or

Sch 3 para 14(2)(b)

becomes a completed agreement during the transitional period.

Sch 3 para 14(3)

Expressions used in sections 140A to 140C of the 1974 Act have the same meaning in this paragraph as they have in those sections.

Sch 3 para 14(4)

In this paragraph “the transitional period” means the period of one year beginning with the day of the commencement of section 20.

Sch 3 para 14(5)

An order under section 69 of this Act may extend, or further extend, the transitional period.

Sch 3 para 15
Sch 3 para 15(1)

The repeal by this Act of sections 137 to 140 of the 1974 Act shall not affect the court's power to reopen an existing agreement under those sections as set out in this paragraph.

Sch 3 para 15(2)

The court's power to reopen an existing agreement which—is not affected at all.

Sch 3 para 15(2)(a)

became a completed agreement before the commencement of section 22(3) of this Act, or

Sch 3 para 15(2)(b)

becomes a completed agreement during the transitional period,

Sch 3 para 15(3)

The court may also reopen an existing agreement—

Sch 3 para 15(3)(a)

on an application of the kind mentioned in paragraph (a) of subsection (1) of section 139 made at a time before the end of the transitional period; or

Sch 3 para 15(3)(b)

at the instance of the debtor or a surety in any proceedings of the kind mentioned in paragraph (b) or (c) of that subsection which were commenced at such a time.

Sch 3 para 15(4)

Nothing in section 16A or 16B of the 1974 Act shall affect the application of sections 137 to 140 (whether by virtue of this paragraph or otherwise).

Sch 3 para 15(5)

The repeal or revocation by this Act of the following provisions has no effect in relation to existing agreements so far as they may be reopened as set out in this paragraph—

Sch 3 para 15(5)(a)

section 16(7) of the 1974 Act;

Sch 3 para 15(5)(b)

in section 143(b) of that Act, the words “, 139(1)(a)”;

Sch 3 para 15(5)(c)

section 171(7) of that Act;

Sch 3 para 15(5)(d)

in subsection (1) of section 181 of that Act, the words “139(5) and (7),”;

Sch 3 para 15(5)(e)

in subsection (2) of that section, the words “or 139(5) or (7)”;

Sch 3 para 15(5)(f)

in section 61(6) of the Bankruptcy (Scotland) Act 1985 (c. 66), the words from the beginning to “but”;

Sch 3 para 15(5)(g)

in section 343(6) of the Insolvency Act 1986 (c. 45), the words from the beginning to “But”;

Sch 3 para 15(5)(h)

Article 316(6) of the Insolvency (Northern Ireland) Order 1989 (S.I. 1989/2405 (N.I. 19)).

Sch 3 para 15(6)

Expressions used in sections 137 to 140 of the 1974 Act have the same meaning in this paragraph as they have in those sections.

Sch 3 para 15(7)

In this paragraph—“existing agreement” means a credit agreement made before the commencement of section 22(3) of this Act;“the transitional period” means the period of one year beginning with the day of the commencement of section 22(3).

Sch 3 para 15(8)

An order under section 69 of this Act may extend, or further extend, the transitional period.

Sch 3 para 16
Sch 3 para 16(1)

It is immaterial for the purposes of section 140C(4)(a) to (c) of the 1974 Act when (as the case may be) a credit agreement or a linked transaction was made or a security was provided.

Sch 3 para 16(2)

In relation to an order made under section 140B of the 1974 Act during the transitional period in connection with a credit agreement—and the order shall not under paragraph (g) of that subsection direct accounts to be taken, or (in Scotland) an accounting to be made, between any persons in relation to a related agreement to which this sub-paragraph applies.

Sch 3 para 16(2)(a)

references in subsection (1) of that section to any related agreement shall not include references to a related agreement to which this sub-paragraph applies;

Sch 3 para 16(2)(b)

the reference to a security in paragraph (d) of that subsection shall not include a reference to a security to which this sub-paragraph applies;

Sch 3 para 16(3)

Sub-paragraph (2) applies to a related agreement or a security if—

Sch 3 para 16(3)(a)

it was made or provided before the commencement of section 21 of this Act; and

Sch 3 para 16(3)(b)

it ceased to have any operation before the order under section 140B is made.

Sch 3 para 16(4)

In relation to an order made under section 140B after the end of the transitional period in connection with a credit agreement—and the order shall not under paragraph (g) of that subsection direct accounts to be taken, or (in Scotland) an accounting to be made, between any persons in relation to a related agreement to which this sub-paragraph applies.

Sch 3 para 16(4)(a)

references in subsection (1) of that section to any related agreement shall not include references to a related agreement to which this sub-paragraph applies;

Sch 3 para 16(4)(b)

the reference to a security in paragraph (d) of that subsection shall not include a reference to a security to which this sub-paragraph applies;

Sch 3 para 16(5)

Sub-paragraph (4) applies to a related agreement or a security if—

Sch 3 para 16(5)(a)

it was made or provided before the commencement of section 21; and

Sch 3 para 16(5)(b)

it ceased to have any operation before the end of the transitional period.

Sch 3 para 16(6)

Expressions used in sections 140A to 140C of the 1974 Act have the same meanings in this paragraph as they have in those sections.

Sch 3 para 16(7)

In this paragraph “the transitional period” means the period of one year beginning with the day of the commencement of section 21.

Sch 3 para 16(8)

An order under section 69 of this Act may extend, or further extend, the transitional period.

Sch 3 para 17

Section 1 of this Act shall have no effect for the purposes of section 140C(1) of the 1974 Act in relation to agreements made before the commencement of section 1.

Applications for licences and fitness to hold a licence etc.

Sch 3 para 18

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 19

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Further powers of OFT to regulate conduct of licensees etc.

Sch 3 para 20

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 21

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 22

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Powers and duties in relation to information

Sch 3 para 23

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Sch 3 para 24

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Civil penalties

Sch 3 para 25

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

Appeals

Sch 3 para 26
Sch 3 para 26(1)

A person who—shall be treated as having been appointed to the panel of chairmen on the day of the commencement of section 55.

Sch 3 para 26(1)(a)

immediately before the commencement of section 55 of this Act is a member of a panel established under regulation 24 of the appeals regulations, and

Sch 3 para 26(1)(b)

at the time of his appointment to that panel fell within paragraph (2)(a) of that regulation,

Sch 3 para 26(2)

A person who—shall be treated as having been appointed to the lay panel on the day of the commencement of section 55.

Sch 3 para 26(2)(a)

immediately before the commencement of section 55 is a member of a panel established under regulation 24 of the appeals regulations, and

Sch 3 para 26(2)(b)

is not to be treated as having been appointed to the panel of chairmen in accordance with sub-paragraph (1),

Sch 3 para 26(3)

A person who is to be treated as having been appointed to the panel of chairmen or to the lay panel in accordance with this paragraph shall, subject to paragraph 4(2) and (3) of Schedule A1 to the 1974 Act, hold office as a member of the panel in question—

Sch 3 para 26(3)(a)

for the remainder of the period for which he was appointed under regulation 24 of the appeals regulations; and

Sch 3 para 26(3)(b)

on the terms on which he was so appointed (except as to the renewal of his appointment).

Sch 3 para 26(4)

In this paragraph—“appeals regulations” means the Consumer Credit Licensing (Appeals) Regulations 1998 (S.I. 1998/1203);“lay panel” and “panel of chairmen” have the same meanings as in Schedule A1 to the 1974 Act.

Sch 3 para 27
Sch 3 para 27(1)

Neither—has effect in relation to determinations of the OFT made before the commencement of section 56.

Sch 3 para 27(1)(a)

subsections (1) and (2) of section 56 of this Act, nor

Sch 3 para 27(1)(b)

the repeal by this Act of subsections (2) to (5) of section 41 of the 1974 Act,

Sch 3 para 27(2)

This Act, so far as it repeals section 11 of the Tribunals and Inquiries Act 1992 (c. 53), has no effect in relation to such determinations so made.

Sch 3 para 27(3)

The repeal by this Act of paragraph 27(2) of Schedule 25 to the Enterprise Act 2002 (c. 40) has no effect in relation to such determinations so made.

Sch 3 para 28

Neither subsection (1) nor (4)(a) of section 58 of this Act has effect in relation to determinations of the OFT made before the commencement of that section.

Ombudsman scheme

Sch 3 para 29

Section 1 of this Act shall have no effect for the purposes of section 226A(4)(a) of the 2000 Act in relation to a complaint which relates to an act or omission occurring before the commencement of section 1.

Sch 4

Repeals

Paragraph

In section 2(7), the words “or 150”.

Paragraph

In section 6(2), the words “and must be accompanied by the specified fee”.

Paragraph

Section 8(2).

Paragraph

In section 15, subsection (1)(c) and the “and” immediately preceding it.

Paragraph

Section 16(7).

Paragraph

Section 22(9) and (10).

Paragraph

Section 23(2).

Paragraph

Section 25(1A).

Paragraph

Section 29(5).

Paragraph

Section 32(5).

Paragraph

Section 36(6).

Paragraph

In section 40(6), the words “, other than a non-commercial agreement,”.

Paragraph

In section 41—subsections (2) to (5); and in the Table the entry relating to “refusal to give directions in respect of a licensee under section 29(5) or 32(5)”.

Paragraph

In section 43, subsection (3)(a) and the “or” immediately after it.

Paragraph

In section 127—in subsection (1) the words “(subject to subsections (3) and (4))”; and subsections (3) to (5).

Paragraph

Sections 137 to 140.

Paragraph

In section 143(b), the words “, 139(1)(a)”.

Paragraph

In section 147—subsection (1); and in subsection (2) the words “(as applied by subsection (1))”.

Paragraph

Section 150.

Paragraph

In section 162—in subsection (1)(b)(i), the words “books or”; in subsection (1)(b), the words “and take copies of, or of any entry in, the books or documents”; in subsections (1)(d) and (e), (2) and (3) the word “books”; and subsection (7).

Paragraph

Section 171(7).

Paragraph

In section 181—in subsection (1) the words “43(3)(a),” and the words “139(5) and (7),”; and in subsection (2) the words “43(3)(a),” and the words “or 139(5) or (7)”.

Paragraph

In section 185(3), the words “or 127(3)”.

Paragraph

In section 189(1)—the definition of “costs”; in the definition of “licence” the words from “(including” onwards; and the definition of “personal credit agreement”.

Paragraph

In Schedule 2, in Part 1, the entry relating to “personal credit agreement”.

Paragraph

In section 11—subsection (6); in subsection (7)(a), the words from “or on an appeal” to “Scotland” in the third place where it occurs; and in subsection (8), the words from “and in relation to” to “Northern Ireland” in the third place where it occurs.