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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 December 2001 - onwards
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Article 174 Regulated agreements made on introductions by unlicensed credit-brokers

In section 149 of the Consumer Credit Act 1974 (enforcement of regulated agreements made on introductions by unlicensed credit-brokers), after subsection (5) insert -

"(6) For the purposes of this section, "unlicensed credit-broker" does not include a consumer credit EEA firm unless at the time the introduction was made that firm was precluded from making it as a result of -

(a) a consumer credit prohibition imposed under section 203 of the Financial Services and Markets Act 2000; or

(b) a restriction imposed on the firm under section 204 of that Act.".

Comparing proposed amendment...