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United Kingdom Statutory Instruments |
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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Consumer Credit Act 2006 (Commencement No. 1) Order 2006 No. 1508 (C. 52) URL: http://www.bailii.org/uk/legis/num_reg/2006/20061508.html |
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| Made | 10th June 2006 |
| Provisions | Subject Matter of Provisions |
| Section 3 insofar as it inserts section 16A(1) to (7) into the 1974 Act | Power to make an order providing for an exemption relating to high net worth debtors and hirers |
| Section 4 insofar as it inserts section 16B(4) into the 1974 Act | Power to make an order relating to declarations for the purposes of section 16(B)(2) of the 1974 Act |
| Section 6 insofar as it inserts section 77A(2) into the 1974 Act | Power to make regulations relating to statements to be provided in relation to fixed-sum credit agreements |
| Section 7(1) and (2) | Power to make regulations requiring creditors to include specified information in statements issued under section 78(4) of the 1974 Act |
| Section 9 insofar as it inserts section 86B(8) into the 1974 Act | Power to make regulations relating to notices under section 86B of the 1974 Act |
| Section 10 insofar as it inserts section 86C(6) into the 1974 Act | Power to make regulations relating to notices under section 86C of the 1974 Act |
| Section 12 insofar as it inserts section 86E(2) into the 1974 Act for the purpose of prescribing the period referred to in that section | Power to prescribe the period within which the creditor or owner has to give notice of default sums to the debtor or hirer |
| Section 12 insofar as it inserts section 86E(7) into the 1974 Act | Power to make regulations relating to the application of section 86E of the 1974 Act and notices under that section |
| Section 14(2) | Power to prescribe matters to be included in a default notice |
| Section 17 insofar as it inserts section 130A(6) and (9) into the 1974 Act | Power to make regulations relating to notices under section 130A of the 1974 Act and definition of post–judgment interest |
| Section 18 | The definition of default sum |
| Section 24(2), (4) and (6) | The definition of debt administration |
| Section 25(2) and (5) | The definition of credit information services |
| Section 27(1) insofar as it inserts section 6A(2), (3) and (4) into the 1974 Act | Power for the OFT to make provision by general notice for the determination of the amount of a charge under section 6A(1) of the 1974 Act on applicants for licences and renewals of licences |
| Section 28 insofar as it inserts section 24A(5) and (6) into the 1974 Act | Power for the OFT to issue general notices in relation to applications for standard licences |
| Section 34(2) insofar as it inserts section 22(1B) and (1E) into the 1974 Act in each case for the purpose of prescribing the period referred to | Power to prescribe the maximum duration of a licence having effect for a limited period |
| Section 34(8) insofar as it inserts section 37(1B)(a) and (b) into the 1974 Act for the purpose of specifying the form and content of a notice under that section | Power for the OFT to specify by general notice the form and content of a notice under section 37(1B) of the 1974 Act |
| Section 35 insofar as it inserts section 28A(3) to (6) into the 1974 Act | Power for the OFT to make provision by general notice for the determination of the amount of the charge payable under section 28A(1) or (2) of the 1974 Act and power for the Secretary of State to make regulations to determine the day referred to in section 28A(3)(b) of that Act and a person's payment periods for the purpose of section 28A of that Act |
| Section 36 insofar as it inserts section 28B(2) into the 1974 Act for the purpose of determining the day before which an application under section 28B(1) shall be made | Power for the OFT to determine by general notice the day referred to in section 28B(2) of the 1974 Act |
| Section 59 | Consumer credit jurisdiction of the financial services ombudsman scheme |
| Section 60 | Funding of the financial services ombudsman scheme |
| Section 61 | Consequential amendments relating to the financial services ombudsman scheme |
| Section 63 | Disapplication of section 101 of the 1974 Act (right of hirer to terminate regulated consumer hire agreement) |
| Section 65 | Sums received by the OFT |
| Section 66 | Financial provision |
| Section 67 | Interpretation |
| Section 68 | Consequential amendments |
| Section 69(1) insofar as it relates to paragraph 1(1) of Schedule 3 | Transitional provision and savings |
| Section 69(2) – (5) | Transitional provision and savings |
| Schedule 2 | Consumer credit rules |
| Paragraph 1(1) of Schedule 3 | Interpretation |
| Provisions | Subject Matter of Provisions |
| Section 14(1) | Substitution of 14 days for seven days where it occurs in section 88 of the 1974 Act (contents and effect of default notice) |
| Section 69(1) insofar as it relates to paragraph 10 of Schedule 3 | Transitional provision |
| Paragraph 10 of Schedule 3 | Effect of section 14 of the Act in relation to default notices served after the commencement of section 14 of the Act |
