23(1)Sub-paragraph (2) applies if a UK firm—
(a)has a Part IV permission; and
(b)is exercising an EEA right to carry on any Consumer Credit Act business in an EEA State other than the United Kingdom.
(2)The Authority may exercise its power under section 45 in respect of the firm if the Director of Fair Trading has informed the Authority that—
(a)the firm,
(b)any of the firm’s employees, agents or associates (whether past or present), or
(c)if the firm is a body corporate, a controller of the firm or an associate of such a controller,
has done any of the things specified in paragraphs (a) to (d) of section 25(2) of the [1974 c. 39.] Consumer Credit Act 1974.
(3)“Associate”, “Consumer Credit Act business” and “controller” have the same meaning as in section 203.