Schedule 25, paragraph 6

The Consumer Credit Act 1974 is amended as follows. In section 1 (general functions of Director)— and in the heading before that section, for “DIRECTOR GENERAL OF FAIR TRADING” there is substituted “ OFFICE OF FAIR TRADING ”. in subsection (1)— for “the Director General of Fair Trading (“the Director”)” there is substituted “ the Office of Fair Trading (“the OFT”) ”; for “him” there is substituted “ it ”; for “himself” there is substituted “ itself ”; in subsection (2)— for “Director” there is substituted “ OFT ”; for “him” there is substituted “ it ”; in the sidenote, for “Director” there is substituted “ OFT ”; In section 2 (powers of Secretary of State)— for “Director” (in each place) there is substituted “ OFT ”; in subsections (1)(b) and (2), for “his” there is substituted “ its ”; in subsection (4), for “him” there is substituted “ it ”. In section 4 (dissemination of information and advice)— for “Director” there is substituted “ OFT ”; for “he”, “him” and “his” there is substituted “ it ”, “ it ” and “ its ” respectively. In section 6 (form etc. of applications)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (3), for “him” there is substituted “ it ”. In section 7 (penalty for false information), for “Director” (in each place) there is substituted “ OFT ”. In section 22 (standard and group licences)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (1)(b), for “his” and “he” there is substituted “ its ” and “ it ” respectively; in subsection (5), for “him” there is substituted “ it ”. In section 25 (licensee to be a fit person)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (2), for “him” there is substituted “ it ”. In section 27 (determination of applications)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (1)— for “he” (in both places) there is substituted “ it ”; in paragraph (a), for “his” there is substituted “ its ”; in subsection (2), for “him” (in both places) there is substituted “ it ”. In section 28 (exclusion from a group licence)— for “Director” (in both places) there is substituted “ OFT ”; for “he” there is substituted “ it ”; in paragraph (a), for “his” there is substituted “ its ”. In section 29 (renewal)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (2), for “his” there is substituted “ its ”. In section 30 (variation by request)— for “Director” and “he” (in each place) there is substituted “ OFT ” and “ it ” respectively; in subsection (4)(a), for “his” there is substituted “ its ”. In section 31 (compulsory variation)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (1), for “he” (in both places) there is substituted “ it ”; in subsection (2)(a), for “his” there is substituted “ its ”; in subsection (3), for “he”, “his” and “him” there is substituted respectively “ it ”, “ its ” and “ it ” respectively; in subsection (4)(a), for “his” there is substituted “ its ”. In section 32 (suspension and revocation)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (1), for “he” (in both places) there is substituted “ it ”; in subsection (2)(a), for “his” there is substituted “ its ”; in subsection (3), for “he”, “his” and “him” there is substituted “ it ”, “ its ” and “ it ” respectively; in subsection (4)(a), for “his” there is substituted “ its ”; in subsection (5), for “he” there is substituted “ it ”; in subsection (8), for “him” there is substituted “ it ”. In section 33 (application to end suspension)— for “Director” and “he” (in each place) there is substituted “ OFT ” and “ it ” respectively; in subsection (2)(a), for “his” there is substituted “ its ”. In section 34 (representations to Director)— for “Director” (in each place) there is substituted “ OFT ”; in subsections (2) and (3), for “his” there is substituted “ its ”. In section 35 (the register)— for “Director” (in each place) there is substituted “ OFT ”; in subsections (1) and (4), for “he” there is substituted “ it ”; in subsection (1)(c), for “him” there is substituted “ it ”. In section 36 (duty to notify changes)— for “Director” (in each place) there is substituted “ OFT ”; . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . In section 39 (offences against Part 3), for “Director” there is substituted “ OFT ”. In section 40 (enforcement of agreements made by unlicensed trader)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (3)— for “he” (in both places) there is substituted “ it ”; in paragraph (a), for “his” there is substituted “ its ”; in subsection (5), for “he” there is substituted “ it ”. In section 41 (appeals to Secretary of State under Part 3), in subsection (1), for “Director” there is substituted “ OFT ”. In section 49 (prohibition of canvassing debtor-creditor agreements off trade premises), for “Director” (in each place) there is substituted “ OFT ”. In section 60 (form and content of agreements), in subsections (3) and (4), for “Director” (in each place) and “he” (in each place) there is substituted “ OFT ” and “ it ” respectively. In section 64 (duty to give notice of cancellation rights), for “Director” (in each place) there is substituted “ OFT ”. In section 74 (exclusion of certain agreements from Part 5)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (3A), for “he” there is substituted “ it ”. In section 101 (right to terminate hire agreement), in subsection (8), for “Director” (in each place) and “he” there is substituted “ OFT ” and “ it ” respectively. In section 113 (Act not to be evaded by use of security), in subsection (2), for “Director” there is substituted “ OFT ”. In section 148 (agreement for services of unlicensed trader)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (3)— for “he” (in both places) there is substituted “ it ”; in paragraph (a), for “his” there is substituted “ its ”; in subsection (5), for “he” there is substituted “ it ”. In section 149 (regulated agreements made on introductions by unlicensed credit-broker)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (3)— for “he” (in both places) there is substituted “ it ”; in paragraph (a), for “his” there is substituted “ its ”; in subsection (5), for “he” there is substituted “ it ”. In section 159 (correction of wrong information), for “Director” there is substituted “ OFT ”. In section 160 (alternative procedure for business consumers)— for “Director” (in each place) there is substituted “ OFT ”; in subsection (1), for “he” there is substituted “ it ”. In section 161 (enforcement authorities)— for “Director” (in each place) there is substituted “ OFT ”; subsection (2) (requirement to notify Director of intended prosecution) is omitted; in subsection (3), for “he” and “him” there is substituted “ it ”. In section 162 (powers of entry and inspection), in subsection (5), for “Director” there is substituted “ OFT ”. In section 166 (notification of convictions and judgments to Director), for “Director” (in each place), “Director’s” and “his” there is substituted “ OFT ”, “ OFT’s ” and “ its ” respectively. In section 170 (no further sanctions for breach of Act), for “his”, “Director” and “him” there is substituted “ its ”, “ OFT ” and “ it ” respectively. In section 173 (contracting-out forbidden), in subsection (3), for “Director” there is substituted “ OFT ”. In section 183 (determinations etc. by Director), for “Director” (in both places) and “him” there is substituted “ OFT ” and “ it ” respectively. In section 189 (general interpretation provisions)— in subsection (1)— the definition of “Director” shall cease to have effect; in the definition of “general notice”, for “Director” and “him” there is substituted “ OFT ” and “ it ” respectively; after the definition of “notice of cancellation” there is inserted— “OFT” means the Office of Fair Trading; in the definition of “register”, for “Director” there is substituted “ OFT ”; in subsection (5), for “Director” (in both places) there is substituted “ OFT ”. In section 191 (special provisions as to Northern Ireland)— for “Director” (in both places) there is substituted “ OFT ”; in subsection (1), for “his” and “him” there is substituted “ the OFT’s ” and “ the OFT ” respectively. In Schedule 1 (prosecution and punishment of offences), in the entry relating to section 7, for “Director” there is substituted “ OFT ”.

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Source: legislation.gov.uk · retrieved 2026-09-04