Consumer Credit Act 1974

32 F1 ...revocation. U.K.

(1) Where at a time during the currency of a licence the [F2 OFT] is of the opinion that if the licence had expired at that time [F3 (assuming, in the case of a licence which has effect indefinitely, that it were a licence of limited duration)][F4 it] would have been minded not to renew it, and that therefore it should be revoked F5 ..., [F4 it] shall proceed as follows.

(2) In the case of a standard licence the [F2 OFT] shall, by notice—

(a) inform the licensee thatF6 ... the [F2 OFT] is minded to revoke the licenceF6 ... stating [F7 its] reasons, and

[F8 (b) invite him to submit to the OFT in accordance with section 34 representations—

(i) as to the proposed revocation F9 ...; and

(ii) about the provision (if any) that should be included under section 34A as part of the determination were the OFT to revoke F9 ... the licence. ]

(3) In the case of a group licence the [F2 OFT] shall—

(a) give general notice thatF10 ... [F11 it] is minded to revoke the licenceF10 ... stating [F12 its] reasons, and

(b) in the notice invite any licensee to submit to [F13 it] representations as to the proposed revocation F14 ... in accordance with section 34.

(4) In the case of a group licence issued on application the [F2 OFT] shall also—

(a) inform the original applicant thatF15 ... the [F2 OFT] is minded to revoke the licenceF15 ... stating [F16 its] reasons, and

(b) invite him to submit representations as to the proposed revocation F17 ... in accordance with section 34.

(5) F18 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

(6) General notice shall be given of the revocation F19 ... of a group licence.

(7) A revocation F19 ... under this section shall not take effect before the end of the appeal period.

F20 (8) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

[F21 (9) The OFT has no power to revoke F22 ... a standard licence simply because, by virtue of provision made in a general notice under section 24A(5), a person cannot apply for the renewal of such a licence on terms which are the same as the terms of the licence in question. ]

Textual Amendments

F1 Words in s. 32 heading omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(h), 122(2) (with s. 108(9), Sch. 20)

F2 Words in s. 32 substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(14)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)

F3 Words in s. 32(1) inserted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {34(6)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2

F4 Words in s. 32(1) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(14)(b); S.I. 2003/766, art. 2, Sch. (with art. 3); S.I. 2003/766, art. 2, Sch. (with art. 3)

F5 Words in s. 32(1) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(a), 122(2) (with s. 108(9), Sch. 20)

F6 Words in s. 32(2)(a) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(b)(i), 122(2) (with s. 108(9), Sch. 20)

F7 Word in s. 32(2)(a) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(14)(c); S.I. 2003/766, art. 2, Sch. (with art. 3)

F8 S. 32(2)(b) substituted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {32(5)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2

F9 Words in s. 32(2)(b) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(b)(ii), 122(2) (with s. 108(9), Sch. 20)

F10 Words in s. 32(3)(a) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(c)(i), 122(2) (with s. 108(9), Sch. 20)

F11 Words in s. 32(3) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(14)(d); S.I. 2003/766, art. 2, Sch. (with art. 3)

F12 Words in s. 32(3) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(14)(d); S.I. 2003/766, art. 2, Sch. (with art. 3)

F13 Words in s. 32(3) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(14)(d); S.I. 2003/766, art. 2, Sch. (with art. 3)

F14 Words in s. 32(3)(b) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(c)(ii), 122(2) (with s. 108(9), Sch. 20)

F15 Words in s. 32(4)(a) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(d)(i), 122(2) (with s. 108(9), Sch. 20)

F16 Word in s. 32(4)(a) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 6(14)(e); S.I. 2003/766, art. 2, Sch. (with art. 3)

F17 Words in s. 32(4)(b) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(d)(ii), 122(2) (with s. 108(9), Sch. 20)

F18 S. 32(5) repealed (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {32(6)}, 70, 71(2), {Sch. 4}; S.I. 2007/3300, art. 3(2), Sch. 2

F19 Words in s. 32(6)(7) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(e), 122(2) (with s. 108(9), Sch. 20)

F20 S. 32(8) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(f), 122(2) (with s. 108(9), Sch. 20)

F21 S. 32(9) inserted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {31(5)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2

F22 Words in s. 32(9) omitted (19.2.2013) by virtue of Financial Services Act 2012 (c. 21), ss. 108(2)(g), 122(2) (with s. 108(9), Sch. 20)