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Consumer Credit Act 2006
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42Guidance on requirements
This section has no associated Explanatory Notes
After section 33D of the 1974 Act (inserted by section 41 of this Act) insert—
“33EGuidance on requirements
(1)The OFT shall prepare and publish guidance in relation to how it exercises, or how it proposes to exercise, its powers under sections 33A to 33C.
(2)If the OFT revises the guidance at any time after it has been published, the OFT shall publish it as revised.
(3)The guidance shall be published in such manner as the OFT thinks fit for the purpose of bringing it to the attention of those likely to be affected by it.
(4)In preparing or revising the guidance the OFT shall consult such persons as it thinks fit.
(5)In exercising its powers under sections 33A to 33C the OFT shall have regard to the guidance as most recently published.”
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