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166. In section 22 of the Consumer Credit Act 1974 (standard licences), after subsection (8) insert—
“(9) Subsection (10) applies if a standard licence is issued to an EEA consumer credit firm.
(10) The activities described in the licence are not to include an activity for which the firm has, or could obtain, permission under paragraph 15 of Schedule 3 to the Financial Services and Markets Act 2000.”.
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