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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 14 November 2022 - onwards
  Version 4 of 4    

97. Moneylender to issue authorisation to persons engaging in moneylending on his behalf off business premises.

(1) A holder of a high cost credit provider’s licence shall issue, in writing and in such form as may be specified by the Bank, to any person engaging in the provision of high cost credit on his behalf, at a place other than a business premises of the holder used for the provision of high cost credit, authorisation to so engage, signed by or on behalf of the licence holder.

(2) An authorisation issued under subsection (1) shall cease to have effect should the high cost credit provider who issued it cease to be the holder of a high cost credit provider’s licence.

(3) A person shall not engage in the provision of high cost credit on behalf of the holder of a high cost credit provider’s licence at a place other than the business premises of the holder unless he holds an authorisation issued under subsection (1).

(4) A person shall not alter, deface or falsify or attempt to alter, deface or falsify an authorisation issued under subsection (1).

(5) In any proceedings for an offe

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