Financial Services Act 2012

37(1)The Consumer Credit Act 1974 is amended as follows.U.K.

(2)In section 16 (exempt agreements)—

(a)in subsection (3A), in the Table—

(i)for “Financial Services Authority”, in the first place, substitute “ Financial Conduct Authority ”, and

(ii)for “and the Financial Services Authority”, substitute “ , the Financial Conduct Authority and the Prudential Regulation Authority ”, and

(b)in subsection (10), in paragraphs (a)(i) and (b)(i), for “Part 4” substitute “Part 4A.

(3)In section 25 (licensee to be a fit person), in subsection (1B)—

(a)for “Part 4” substitute “ Part 4A ”, and

(b)for “the Financial Services Authority” substitute “ the regulator which granted the permission under Part 4A ”.

(4)In section 35 (the register), in subsection (1A), for “Financial Services Authority” substitute “ Financial Conduct Authority or the Prudential Regulation Authority ”.