The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) (No.2) Order 2013

The Green Deal Framework (Disclosure, Acknowledgement, Redress etc.) Regulations 2012

44.  In the Green Deal Framework (Disclosure, Acknowledgement, Redress etc.) Regulations 2012(1)—

(a) in regulation 2 (interpretation – general)—

(i) in paragraph (1)—

(aa) omit the definition of “consumer credit licence”;

(bb) insert at the appropriate place—

““consumer credit permission” means permission under the Financial Services and Markets Act 2000 to carry on a regulated activity in relation to or in connection with a contract of the kind mentioned in paragraph 23 of Schedule 2 to that Act (credit agreements);”;

(ii) after paragraph (1) insert—

“(1A) The definition of “consumer credit permission” must be read with—

(a) section 22 of the Financial Services and Markets Act 2000,

(b) any relevant order under that section, and

(c) Schedule 2 to that Act.”;

(b) in regulation 25 (notifications concerning consumer credit), for paragraphs (a) and (b) substitute—

“(a) it ceases to hold a consumer credit permission, or

(b) it becomes a person who, by virtue of section 19 of the Financial Services and Markets Act 2000, is required to have a consumer credit permission.”;

(c) in regulation 52(3)(a) (no sanctions without receipt of complaints or information), for “Office of Fair Trading” substitute “Financial Conduct Authority”;

(d) in paragraph 24 of Schedule 1 (registers), for sub-paragraphs (a) and (b) substitute—

“(a) whether the person has a consumer credit permission and the activities for which he has permission, or

(b) where the person is not required to have a consumer credit permission, an entry on the register to that effect.”.

(1)

S.I. 2012/2079.