OpenLegislation

Section 86A FCA to prepare information sheets on arrears and defaultF8F1

United Kingdom

(1)

The F2FCA shall prepare and issue an arrears information sheet and a default information sheet.

(2)

The arrears information sheet shall include information to help debtors and hirers who receive notices under section 86B or 86C.

(3)

The default information sheet shall include information to help debtors and hirers who receive default notices.

(4)

Regulations may make provision about the information to be included in an information sheet.

(5)

An information sheet takes effect for the purposes of this Part at the end of the period of three months beginning with the day on which F3it is issued F4or on such later date as the FCA may specify in relation to the information sheet .

(F56)

If the FCA revises an information sheet after it has been issued, it shall issue the revised information sheet.

(7)

A revised information sheet takes effect for the purposes of this Part at the end of the period of three months beginning with the day on which F6it is issued F7or on such later date as the FCA may specify in relation to the information sheet .

Annotations

Textual amendments

F1

S. 86A and preceding cross-heading inserted (31.1.2007) by Consumer Credit Act 2006 (c. 14), ss. {8}, 71(2) (with Sch. 3 para. 5); S.I. 2007/123, art. 3(1), Sch. 1

F2

Words in s. 86A(1) substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 7(7)(a)

F3

Words in s. 86A(5) substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 7(7)(b)

F4

Words in s. 86A(5) inserted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 3(2)

F5

S. 86A(6) substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 7(7)(c)

F6

Words in s. 86A(7) substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 7(7)(d)

F7

Words in s. 86A(7) inserted (14.2.2014 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services and Markets Act 2000 (Regulated Activities) (Amendment) Order 2014 (S.I. 2014/366), arts. 1(3)(4), 3(2)

F8

Word in s. 86A heading substituted (26.7.2013 for specified purposes, 1.4.2014 in so far as not already in force) by The Financial Services Act 2012 (Consumer Credit) Order 2013 (S.I. 2013/1882), arts. 1(1), 7(6)