Consumer Credit Act 1974

30 Variation by request. U.K.

[F1 (1) If it thinks fit, the OFT may by notice to the licensee under a standard licence—

(a) in the case of a licence which covers the carrying on of a type of business only so far as it falls within one or more descriptions of business, vary the licence by—

(i) removing that limitation;

(ii) adding a description of business to that limitation; or

(iii) removing a description of business from that limitation;

(b) in the case of a licence which covers the carrying on of a type of business with no limitation, vary the licence so that it covers the carrying on of that type of business only so far as it falls within one or more descriptions of business;

(c) vary the licence so that it no longer covers the carrying on of a type of business at all;

(d) vary the licence so that a type of business the carrying on of which is not covered at all by the licence is covered either—

(i) with no limitation; or

(ii) only so far as it falls within one or more descriptions of business; or

(e) vary the licence in any other way except for the purpose of varying the descriptions of activities covered by the licence.

(1A) The OFT may vary a licence under subsection (1) only in accordance with an application made by the licensee.

(1B) References in this section to a description of business in relation to a type of business—

(a) are references to a description of business specified in a general notice under section 24A(5)(a); and

(b) in subsection (1)(a)(apart from sub-paragraph (ii)) include references to a description of business that was, but is no longer, so specified.]

(2) In the case of a group licence issued on the application of any person, the [F2 OFT] , on an application made by that person, may if [F3 it] thinks fit by notice to that person vary the terms of the licence in accordance with the application; but the [F2 OFT] shall not vary a group licence under this subsection by excluding a named person, other than the person making the request, unless that named person consents in writing to his exclusion.

(3) In the case of a group licence from which (whether by name or description) a person is excluded, the [F2 OFT] , on an application made by that person, may if [F3 it] thinks fit, by notice to that person, vary the terms of the licence so as to remove the exclusion.

(4) Unless the [F2 OFT] determines to vary a licence in accordance with an application [F3 it] shall, before determining the application, by notice—

(a) inform the applicant, giving [F4 its] reasons, that [F3 it] is minded to refuse the application, and

(b) invite the applicant to submit to the [F2 OFT] representations in support of his application in accordance with section 34.

(5) General notice shall be given that a variation of a group licence has been made under this section.

Textual Amendments

F1 S. 30(1)-(1B) substituted (6.4.2008) for s. 30(1) by Consumer Credit Act 2006 (c. 14), ss. {31(1)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2

F2 Words in s. 30 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(12)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)

F3 Words in s. 30 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(12)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)

F4 Word in s. 30(4)(a) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(12)(b); S.I. 2003/766, art. 2, Sch. (with art. 3)