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Version status: Omitted | Document consolidation status: Updated to reflect all known changes
Version date: 26 July 2013 - onwards
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203. Power to prohibit the carrying on of Consumer Credit Act business

Omitted from 26 July 2013

(1) If it appears to the Office of Fair Trading ("the OFT") that subsection (4) has been, or is likely to be, contravened as respects a consumer credit EEA firm, it may by written notice given to the firm impose on the firm a consumer credit prohibition.

(2) If it appears to the OFT that a restriction imposed under section 204 on an EEA consumer credit firm has not been complied with, it may by written notice given to the firm impose a consumer credit prohibition.

(3) "Consumer credit prohibition" means a prohibition on carrying on, or purporting to carry on, in the United Kingdom any Consumer Credit Act business which consists of or includes carrying on one or more listed activities.

(4) This subsection is contravened as respects a firm if -

(a) the firm or any of its employees, agents or associates (whether past or present), or

(b) if the firm is a body corporate, any controller of the firm or an associate of any such controller,

does any of the things specified in paragraphs (a

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