1.—(1) This Order may be cited as the Consumer Credit Act 1974 (Commencement No. 2) Order 1977.
(2) In this Order, “the Act” means
(3) The Interpretation Act 1889 shall apply for the interpretation of this Order as it applies for the interpretation of an Act of Parliament.
2.—(1) For the purposes of paragraphs 1 and 19 of Schedule 3 to the Act, the appointed day shall be 1st April 1977.
(2) For the purposes of paragraphs 12, 42 and 48 of that Schedule the appointed day shall be 16th May 1977.
(3) For the purposes of paragraph 5 of that Schedule, the appointed day shall be 1st October 1977—
(a)in the case of any consumer credit business, not being a consumer credit business which is carried on by an individual and in the course of which only the following regulated consumer credit agreements (excluding agreements made before that date) are made, namely—
(i)agreements for fixed-sum credit not exceeding £30, and
(ii)agreements for running-account credit where the credit limit does not exceed that amount, and
(b)in the case of any consumer hire business.
3.—(1) Paragraphs 1 to 3 of Schedule 1 to this Order shall have effect for the purposes of amending Schedule 3 to the Act so as to insert express references to the days appointed by article 2 above.
(2) Paragraph 4 of Schedule 1 to this Order shall have effect for the purposes of further amending paragraphs 44 and 45 of Schedule 3 to the Act (which makes certain transitional provisions in relation to the licensing of ancillary credit business) as amended by article 3(b) of The Consumer Credit Act 1974 (Commencement No. 1) Order 1975(1), and accordingly the said article 3(b) shall cease to have effect.
4. The amendments specified in Schedule 4 to the Act which are set out in Schedule 2 to this Order shall come into operation on the dates specified in that Schedule.
5. The repeals specified in Schedule 5 to the Act which are set out in Schedule 3 to this Order shall come into operation on the dates specified in that Schedule and shall have effect subject to the limitations there specified.
John Fraser
Minister of State
Department of Prices and Consumer Protection
28th February 1977