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The Consumer Credit (Termination of Licences) Regulations 1976
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- UK Statutory Instruments
- 1976 No. 1002
- Regulation 5
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Persons authorised to carry on the business of a licensee
5. Where there occurs—
(a)any terminating event; or
(b)any subsequent event which would be a terminating event in relation to the licence if the licence was not already to terminate by virtue of an earlier terminating event;
any person specified in the Schedule in relation to that terminating event or that subsequent event, as the case may be, shall be authorised to carry on the the business of the licensee under the licence during the period of deferment but subject to the conditions prescribed in regulation 6.
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