Explanatory note

This Order appoints days for the coming into operation of the following provisions of the Consumer Credit Act 1974:—

(i) sections 35 and 36 (which relate to the register to be established and maintained by the Director General of Fair Trading) (2nd February 1976);

(ii) section 21(1) (which relates to the licensing of ancillary credit businesses by virtue of section 147(1)) in the case of any business so far as it comprises debt-adjusting, debt-counselling, debt-collecting or the operation of a credit reference agency (that is to say, every description of ancillary credit business except credit brokerage) (3rd August 1976);

(iii) section 148(1) (which relates to the enforceability of agreements made by a person carrying on an ancillary credit business when unlicensed) in the case of agreements made in the course of any business referred to in (ii) above (3rd August 1976).