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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 31 October 2004 - onwards
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Article 22 Disapplication of section 155 in relation to authorised persons and appointed representatives

(1) Section 155 of the Consumer Credit Act 1974 (right to recover brokerage fees) [Amended by S.I. 1998/997.] is amended as follows.

(2) At the start of subsection (1), insert "Subject to subsection (2A),".

(3) After subsection (2) insert -

"(2A) But subsection (1) does not apply where -

(a) the fee or commission relates to the effecting of an introduction of a kind mentioned in section 146(5A); and

(b) the person charging that fee or commission is an authorised person or an appointed representative, within the meaning of the Financial Services and Markets Act 2000.".

Comparing proposed amendment...