Other Notices

Consumer Credit Act 1974CONSUMER CREDIT ACT 1974Insolvency Act 1986Enterprise Act 2002Bankruptcy (Scotland) Act 1985The City and County of the City of LondonAdults with Incapacity (Scotland) Act 2000Mental Capacity Act 2005-0.10675951.513691EC4Y 8JXDeeds of Arrangement Act 1914EC4Y8JX2012-06-292012-06-20TSO (The Stationery Office), St Crispins, Duke Street, Norwich, NR3 1PD, 01603 622211, customer.services@tso.co.uk74161212
CONSUMER CREDIT ACT 1974
GENERAL NOTICE NO: 1151

I, David Fisher, Director of the Consumer Credit Group in the Office of Fair Trading (‘the OFT’) and a member of the OFT’s staff, being authorised in that respect in writing by the OFT pursuant to paragraph 12 of Schedule 1 to the Enterprise Act 2002, hereby give general notice pursuant to section 22(8) of the Consumer Credit Act 1974 that under section 22(1)(b) of that Act the OFT has varied the group licence for Liquidators and Receivers.

The group licence is in respect of people appointed or otherwise authorised under the legislation specified in the schedule who also hold a standard consumer credit licence.

The licence is to carry on the business of: consumer credit, consumer hire, credit brokerage, debt-adjusting, debt-counselling, debt-collecting, debt administration, provision of credit information services and the operation of a credit reference agency.

The licence is limited to the activities carried on by members of the group in pursuance of the duties imposed upon them by virtue of an appointment, appointments or authorities specified in the Schedule.

The validity of the licence is not limited to any specified period of time.

Schedule

The group shall consist of any individual who holds a licence, under the Consumer Credit Act, or who is a member of a partnership holding a licence, or who is a licensee under a group licence and who is appointed to be:

i. a liquidator under Part IV to Part VI of the Insolvency Act 1986 and/or under the Insolvent Partnerships Order 1994, or under Part V to Part VII of the Insolvency (Northern Ireland) Order 1989 and/or under the Insolvent Partnerships Order (Northern Ireland) 1995 an administrator under Schedule B1 of the Insolvency Act 1986 or Schedule B1 of the Insolvency (Northern Ireland) Order 1989, a receiver and/or manager (including Administrative Receiver) under Part III of the Insolvency Act 1986 or Part IV of the Insolvency (Northern Ireland) Order 1989 of a body corporate or an unincorporated body of persons.

ii. an executor, administrator, trustee under the Administration of Insolvent Estates of Deceased Persons Order 1986 or the Administration of Insolvent Estates of Deceased Persons Order (Northern Ireland) 1991, receiver, manager or judicial factor of the estate of a deceased person.

iii. a trustee in bankruptcy under Part IX of the Insolvency Act 1986 or Part IX of the Insolvency (Northern Ireland) Order 1989.

iv. a trustee under the Insolvent Partnerships Order 1994 or the Insolvent Partnerships Order (Northern Ireland) 1995.

v. a deputy under section 16 of the Mental Capacity Act 2005 to carry on the affairs of a person who lacks capacity.

vi. a person authorised in Northern Ireland under Part VIII of the Mental Health Act (NI) Order 1986 to carry on the business of a person who is incapable, by reason of mental disorder, of managing and administrating his property and affairs.

vii. a person appointed under section 57 of the Adults with Incapacity (Scotland) Act 2000 as a guardian in relation to an adult’s property, financial affairs or personal welfare.

viii. a trustee under or in pursuance of:

a. a deed of arrangement registered under the Deeds of Arrangement Act 1914.

b. a bankruptcy or sequestration under the Bankruptcy (Scotland) Act 1985,a voluntary trust deed or protected trust deed granted in Scotland for or on behalf of creditors (schedule 5 Bankruptcy (Scotland) Act 1985).

c. a deed of arrangement registered in Northern Ireland under the Insolvency (Northern Ireland) Order 1989.

David Fisher, Director, Consumer Credit Group, Office of Fair Trading, Date of issue: 20 June 2012

Office of Fair Trading, Fleetbank House, 2-6 Salisbury Square, London EC4Y 8JX