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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 1 August 2013 - onwards
Version 3 of 3

32A. Additional provisions applicable to retail credit and home reversion firms.

(1) An authorisation granted by the Bank under section 31 to a person may specify classes of services, and additional services, that the person may provide.

(2) An authorisation granted by the Bank under section 31 of this Act to a retail credit firm may include an authorisation to act as a home reversion firm.

(3) The Bank may amend -

(a) the classes of services that may be provided in accordance with subsections (1) or (2), or

(b) the designation or classification of persons or services.

(4) For the purposes of subsections (1) to (3), the Bank may use such designation or classification of persons or services as the Bank considers appropriate to describe the services provided.

(5) At any time before granting or refusing an authorisation to a person, the Bank may -

(a) request such further information from the person, or