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Version Superseded: 01/04/2003
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Consumer Credit Act 1974, Section 36 is up to date with all changes known to be in force on or before 17 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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(1)Within 21 days working days after a change takes place in any particulars entered in the register in respect of a standard licence or the licensee under section 35(1)(d) (not being a change resulting from action taken by the Director), the licensee shall give the Director notice of the change; and the Director shall cause any necessary amendment to be made in the register.
(2)Within 21 working days after—
(a)any change takes place in the officers of—
(i)a body corporate, or an unincorporated body of persons, which is the licensee under a standard licence, or
(ii)a body corporate which is a controller of a body corporate which is such a licensee, or
(b)a body corporate which is such a licensee becomes aware that a person has become or ceased to be a controller of the body corporate, or
(c)any change takes place in the members of a partnership which is such a licensee (including a change on the amalgamation of the partnership with another firm, or a change whereby the number of partners is reduced to one),
the licensee shall give the Director notice of the change.
(3)Within 14 working days after any change takes place in the officers of a body corporate which is a controller of another body corporate which is a licensee under a standard licence, the controller shall give the licensee notice of the change.
(4)Within 14 working days after a person becomes or ceases to be a controller of a body corporate which is a licensee under a standard licence, that person shall give the licensee notice of the fact.
(5)Where a change in a partnership has the result that the business ceases to be carried on under the name, or any of the names, specified in a standard licence the licence shall cease to have effect.
(6)Where the Director is given notice under subsection (1) or (2) of any change, and subsection (5) does not apply, the Director may by notice require the licensee to furnish him with such information, verified in such manner, as the Director may stipulate.
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