The Consumer Credit (Period of Standard Licence) (Amendment) Regulations 1991

Made: 21st March 1991

Laid before Parliament: 10th April 1991

Coming into force: 1st June 1991

The Secretary of State, in exercise of powers conferred on him bysections 22(1)(a), 147(1) and 189(1) of the Consumer Credit Act 1974[^f00001]and of all other powers enabling him in that behalf,hereby makes the following Regulations:–

1

• (1) These Regulations may be cited as the Consumer Credit (Period ofStandard Licence) (Amendment) Regulations 1991 and shall come into forceon 1st June 1991.

• (2) The Consumer Credit (Period of Standard Licence) (Amendment)Regulations 1986[^f00002]are hereby revoked.

2

The Consumer Credit (Period of Standard Licence) Regulations 1975[^f00003] are hereby varied in regulation 2 by the substitution forthe word“fifteen” of the word“five”.

Signed

Edward Leigh — Parliamentary Under Secretary of State, — Department of Trade and Industry — 21st March 1991

Explanatory note

(This note is not part of the Regulations)

These Regulations vary the Consumer Credit (Period of StandardLicence) Regulations 1975, as amended, by limiting the period duringwhich a standard licence, as defined in section 22(1)(a) of the ConsumerCredit Act 1974, is to have effect from fifteen years to five years.

Footnotes

[^f00001]: 1974 c. 39.

[^f00002]: S.I. 1986/1016, which varied the period of licence fromten to fifteen years.

[^f00003]: S.I. 1975/2124, as amended by S.I. 1986/1016.