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OFT seeks views on changes to group licensing regime.

Publication: M2 Presswire
Publication Date: 31-AUG-04
Format: Online - approximately 553 words
Delivery: Immediate Online Access

Article Excerpt
M2 PRESSWIRE-31 August 2004-UK Government: OFT seeks views on changes to group licensing regime(C)1994-2004 M2 COMMUNICATIONS LTD

RDATE:08312004

The OFT has launched a consultation on proposed changes to the consumer credit group licensing regime following its review of the way in which the group licensing provisions operate.

The Consumer Credit Act makes provision for the licensing of consumer credit and consumer hire businesses by the OFT. There are two kinds of licence: a standard licence, issued to a particular trader and covering...

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