Chwilio Deddfwriaeth

Consumer Credit Act 2006

Changes over time for: Section 34

 Help about opening options

Version Superseded: 06/04/2008

Status:

Point in time view as at 06/04/2007. This version of this provision has been superseded. Help about Status

Close

Status

You are viewing this legislation item as it stood at a particular point in time. A later version of this or provision, including subsequent changes and effects, supersedes this version.

Note the term provision is used to describe a definable element in a piece of legislation that has legislative effect – such as a Part, Chapter or section.

Changes to legislation:

There are currently no known outstanding effects for the Consumer Credit Act 2006, Section 34. Help about Changes to Legislation

Close

Changes to Legislation

Revised legislation carried on this site may not be fully up to date. At the current time any known changes or effects made by subsequent legislation have been applied to the text of the legislation you are viewing by the editorial team. Please see ‘Frequently Asked Questions’ for details regarding the timescales for which new effects are identified and recorded on this site.

34Definite and indefinite licencesU.K.

This adran has no associated Nodiadau Esboniadol

(1)In subsection (1) of section 22 of the 1974 Act (definitions of standard and group licences)—

(a)in paragraph (a) for “during the prescribed period” substitute “ whilst the licence is in effect ”;

(b)in paragraph (b) for the words from “during” to “indefinitely” substitute “ whilst the licence is in effect ”.

(2)After that subsection insert—

(1A)The terms of a licence shall specify—

(a)whether it has effect indefinitely or only for a limited period; and

(b)if it has effect for a limited period, that period.

(1B)For the purposes of subsection (1A)(b) the period specified shall be such period not exceeding the prescribed period as the OFT thinks fit (subject to subsection (1E)).

(1C)A standard licence shall have effect indefinitely unless—

(a)the application for its issue requests that it have effect for a limited period only; or

(b)the OFT otherwise thinks there is good reason why it should have effect for such a period only.

(1D)A group licence shall have effect for a limited period only unless the OFT thinks there is good reason why it should have effect indefinitely.

(1E)Where a licence which has effect indefinitely is to be varied under section 30 or 31 for the purpose of limiting the licence's duration, the variation shall provide for the licence to expire—

(a)in the case of a variation under section 30, at the end of such period from the time of the variation as is set out in the application for the variation; or

(b)in the case of a variation under section 31, at the end of such period from the time of the variation as the OFT thinks fit;

but a period mentioned in paragraph (a) or (b) shall not exceed the prescribed period.

(3)In section 29 of that Act (renewal of licences)—

(a)in subsection (1) after “standard licence” insert “ of limited duration ”;

(b)in subsection (4) for “in force” substitute “ to have effect ”.

(4)In subsection (1) of section 31 of that Act (compulsory variation of licences) after “that time” insert “ (assuming, in the case of a licence which has effect indefinitely, that it were a licence of limited duration) ”.

(5)Before subsection (2) of that section insert—

(1B)The OFT shall also proceed as follows if, having regard to section 22(1B) to (1E), it is of the opinion—

(a)that a licence which has effect indefinitely should have its duration limited; or

(b)in the case of a licence of limited duration, that the period during which it has effect should be shortened.

(6)In section 32(1) of that Act (suspension and revocation of licences) after “that time” insert “ (assuming, in the case of a licence which has effect indefinitely, that it were a licence of limited duration) ”.

(7)In section 35(1)(b) of that Act (particulars to be kept in register maintained by OFT) for “force” substitute “ effect ”.

(8)In section 37 of that Act (circumstances giving rise to termination of a licence) after subsection (1) insert—

(1A)A licence terminates if the licensee gives the OFT a notice under subsection (1B).

(1B)A notice under this subsection shall—

(a)be in such form as the OFT may by general notice specify;

(b)contain such information as may be so specified;

(c)be accompanied by the licence or give reasons as to why it is not accompanied by the licence; and

(d)be signed by or on behalf of the licensee.

(9)In subsection (3)(a) of that section after “(1)” insert “ or (1A) ”.

Commencement Information

I1S. 34(2)(8) in force at 16.6.2006 for specified purposes by S.I. 2006/1508, art. 3(1), Sch. 1

Yn ôl i’r brig

Options/Help

Print Options

Close

Mae deddfwriaeth ar gael mewn fersiynau gwahanol:

Y Diweddaraf sydd Ar Gael (diwygiedig):Y fersiwn ddiweddaraf sydd ar gael o’r ddeddfwriaeth yn cynnwys newidiadau a wnaed gan ddeddfwriaeth ddilynol ac wedi eu gweithredu gan ein tîm golygyddol. Gellir gweld y newidiadau nad ydym wedi eu gweithredu i’r testun eto yn yr ardal ‘Newidiadau i Ddeddfwriaeth’.

Gwreiddiol (Fel y’i Deddfwyd neu y’i Gwnaed): Mae'r wreiddiol fersiwn y ddeddfwriaeth fel ag yr oedd pan gafodd ei deddfu neu eu gwneud. Ni wnaed unrhyw newidiadau i’r testun.

Pwynt Penodol mewn Amser: This becomes available after navigating to view revised legislation as it stood at a certain point in time via Advanced Features > Show Timeline of Changes or via a point in time advanced search.

Close

Gweler y wybodaeth ychwanegol ochr yn ochr â’r cynnwys

Rhychwant ddaearyddol: Indicates the geographical area that this provision applies to. For further information see ‘Frequently Asked Questions’.

Dangos Llinell Amser Newidiadau: See how this legislation has or could change over time. Turning this feature on will show extra navigation options to go to these specific points in time. Return to the latest available version by using the controls above in the What Version box.

Close

Dewisiadau Agor

Dewisiadau gwahanol i agor deddfwriaeth er mwyn gweld rhagor o gynnwys ar y sgrin ar yr un pryd

Close

Nodiadau Esboniadol

Testun a grëwyd gan yr adran o’r llywodraeth oedd yn gyfrifol am destun y Ddeddf i esbonio beth mae’r Ddeddf yn ceisio ei wneud ac i wneud y Ddeddf yn hygyrch i ddarllenwyr nad oes ganddynt gymhwyster cyfreithiol. Cyflwynwyd Nodiadau Esboniadol ym 1999 ac maent yn cyd-fynd â phob Deddf Gyhoeddus ac eithrio Deddfau Adfeddiannu, Cronfa Gyfunol, Cyllid a Chyfnerthiad.

Close

Rhagor o Adnoddau

Gallwch wneud defnydd o ddogfennau atodol hanfodol a gwybodaeth ar gyfer yr eitem ddeddfwriaeth o’r tab hwn. Yn ddibynnol ar yr eitem ddeddfwriaeth sydd i’w gweld, gallai hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • slipiau cywiro
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill
Close

Llinell Amser Newidiadau

This timeline shows the different points in time where a change occurred. The dates will coincide with the earliest date on which the change (e.g an insertion, a repeal or a substitution) that was applied came into force. The first date in the timeline will usually be the earliest date when the provision came into force. In some cases the first date is 01/02/1991 (or for Northern Ireland legislation 01/01/2006). This date is our basedate. No versions before this date are available. For further information see the Editorial Practice Guide and Glossary under Help.

Close

Rhagor o Adnoddau

Defnyddiwch y ddewislen hon i agor dogfennau hanfodol sy’n cyd-fynd â’r ddeddfwriaeth a gwybodaeth am yr eitem hon o ddeddfwriaeth. Gan ddibynnu ar yr eitem o ddeddfwriaeth sy’n cael ei gweld gall hyn gynnwys:

  • y PDF print gwreiddiol y fel deddfwyd fersiwn a ddefnyddiwyd am y copi print
  • slipiau cywiro

liciwch ‘Gweld Mwy’ neu ddewis ‘Rhagor o Adnoddau’ am wybodaeth ychwanegol gan gynnwys

  • rhestr o newidiadau a wnaed gan a/neu yn effeithio ar yr eitem hon o ddeddfwriaeth
  • manylion rhoi grym a newid cyffredinol
  • pob fformat o’r holl ddogfennau cysylltiedig
  • dolenni i ddeddfwriaeth gysylltiedig ac adnoddau gwybodaeth eraill