Source: http://www.legislation.gov.uk/ukpga/2000/8/section/203
Timestamp: 2013-05-25 13:45:31
Document Index: 582058811

Matched Legal Cases: ['art. 2', 'art. 3', 'art. 2', 'art. 3', 'art. 2', 'art. 3', 'art. 2', 'art. 3', 'art. 3', 'art. 2', 'art. 3', 'art. 3', 'art. 2']

Part XIII Powers of Office of Fair Trading
Section 203Table of ContentsContentExplanatory NotesMore ResourcesPrevious: ProvisionNext: ProvisionPlain ViewPrint Options
Changes to legislation:There are outstanding changes not yet made by the legislation.gov.uk editorial team to Financial Services and Markets Act 2000. Any changes that have already been made by the team appear in the content and are referenced with annotations.Changes to LegislationRevised legislation carried on this site may not be fully up to date. Changes and effects are recorded by our editorial team in lists which can be found in the ‘Changes to Legislation’ area. Where those effects have yet to be applied to the text of the legislation by the editorial team they are also listed alongside the legislation in the affected provisions. Use the ‘more’ link to open the changes and effects relevant to the provision you are viewing.Changes and effects yet to be applied to the whole Act, associated Parts and Chapters:Changes and effectsThis section lists the changes and effects yet to be applied to the whole Act, associated Parts and Chapters where applicable. This includes any insertions of whole new Parts, Chapters or provisions yet to be inserted into this Act. These effects are included in this view as they may be (but won’t necessarily be) relevant to the specific provision that you are viewing.Act excluded by 2012 c. 7 s. 134(5)Whole provisions yet to be inserted into this Act (including any effects on those provisions):Pt. 9 applied (with modifications) by S.I. 2012/3122 Sch. para. 7s. 54A 54B and cross-heading inserted by S.I. 2012/916 reg. 2(2)s. 131L inserted by S.I. 2012/2554 reg. 2(8)s. 131FA-131FC inserted by S.I. 2012/2554 reg. 2(5)s. 427A(3) words substituted by 2002 c. 40 Sch. 17 para. 59 (Amendment not carried through. The Financial Services and Markets Act 2000 does not contain a section 427A.)203 Power to prohibit the carrying on of Consumer Credit Act business.E+W+S+N.I.This section has no associated Explanatory Notes(1)If it appears to [F1 the Office of Fair Trading (“the OFT”)]) that subsection (4) has been, or is likely to be, contravened as respects a consumer credit EEA firm, [F2it] may by written notice given to the firm impose on the firm a consumer credit prohibition.
(2)If it appears to the [F3OFT] that a restriction imposed under section 204 on an EEA consumer credit firm has not been complied with, [F4it] may by written notice given to the firm impose a consumer credit prohibition.
does any of the things specified in paragraphs [F5(a) to (e) of section 25(2A)] of the M1Consumer Credit Act 1974.
(6)Any period, event or condition so specified may be varied by the [F6OFT] on the application of the firm concerned.
(7)A consumer credit prohibition may be withdrawn by written notice served by the [F6OFT] on the firm concerned, and any such notice takes effect on such date as is specified in the notice.
“consumer credit business”, “consumer hire business” and “ancillary credit business” have the same meaning as in the M2Consumer Credit Act 1974;
“listed activity” means an activity listed in [F7Annex 1 to the banking consolidation directive] or the Annex to the investment services directive;
“associate” has the same meaning as in section [F825(2A)] of the M3Consumer Credit Act 1974;
Annotations:Annotations are used to give authority for changes and other effects on the legislation you are viewing and to convey editorial information. They appear at the foot of the relevant provision or under the associated heading. Annotations are categorised by annotation type, such as F-notes for textual amendments and I-notes for commencement information (a full list can be found in the Editorial Practice Guide). Each annotation is identified by a sequential reference number. For F-notes, M-notes and X-notes, the number also appears in bold superscript at the relevant location in the text. All annotations contain links to the affecting legislation.Amendments (Textual)F1Words in s. 203(1) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(7)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)F2Word in s. 203(1) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(7)(a); S.I. 2003/766, art. 2, Sch. (with art. 3)F3Words in s. 203(2) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(7)(b); S.I. 2003/766, art. 2, Sch. (with art. 3)F4Word in s. 203(2) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(7)(b); S.I. 2003/766, art. 2, Sch. (with art. 3)F5Words in s. 203(4) substituted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. 33(7), 71(2); S.I. 2007/3300, art. 3(2), Sch. 2F6Words in s. 203(6)(7) substituted (1.4.2003) by Enterprise Act 2002 (c. 40), ss. 278, 279, Sch. 25 para. 40(7)(c); S.I. 2003/766, art. 2, Sch. (with art. 3)F7S. 203(10): words in definition of "listed activity" substituted (22.11.2000) by S.I. 2000/2952, reg. 8(2)F8S. 203(10): words in definition of "associate" substituted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. 33(8), 71(2); S.I. 2007/3300, art. 3(2), Sch. 2Modifications etc. (not altering text)C1S. 203 applied (with modifications) (1.5.2009 for certain purposes and 1.11.2009 otherwise) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2), 26(1) (with reg. 3)C2S. 203 applied (with modifications) (30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 31(1) (with reg. 3)C3S. 203(5) modified (1.12.2001) by S.I. 2001/2636, arts. 1(2)(b), 53(2); S.I. 2001/3538, art. 2(1)Marginal CitationsM11974 c. 39. M21974 c. 39. M31974 c. 39. Previous: ProvisionNext: ProvisionBack to topOptions/HelpPrint OptionsPrint The Whole ActPDF The Whole ActWeb page The Whole ActPrint The Whole PartPDF The Whole PartWeb page The Whole PartPrint The Whole Cross HeadingPDF The Whole Cross HeadingWeb page The Whole Cross HeadingPrint This Section onlyPDF This Section onlyWeb page This Section onlyYou have chosen to open The Whole ActThe Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.Would you like to continue?Continue to openYou have chosen to open The Whole Act as a PDFThe Whole Act you have selected contains over 200 provisions and might take some time to download.Would you like to continue?Continue to openYou have chosen to open The Whole Act without SchedulesThe Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.Would you like to continue?Continue to openYou have chosen to open The Whole Act without Schedules as a PDFThe Whole Act without Schedules you have selected contains over 200 provisions and might take some time to download.Would you like to continue?Continue to openYou have chosen to open the Whole ActThe Whole Act you have selected contains over 200 provisions and might take some time to download. You may also experience some issues with your browser, such as an alert box that a script is taking a long time to run.Would you like to continue?Continue to openYou have chosen to open the Whole Act without Schedules