{
  "url": "https://openlegislation.uk/consumer-credit-termination-of-licences-amendment-regulations-1981/note",
  "json_url": "https://openlegislation.uk/consumer-credit-termination-of-licences-amendment-regulations-1981/note.json",
  "legislation": "uksi/1981/614",
  "legislation_title": "The Consumer Credit (Termination of Licences) (Amendment) Regulations 1981",
  "legislation_url": "https://openlegislation.uk/consumer-credit-termination-of-licences-amendment-regulations-1981",
  "path": "note",
  "kind": "note",
  "number": null,
  "heading": "Explanatory note",
  "text": "Section 37(1) of the Consumer Credit Act 1974 and the Consumer Credit (Termination of Licences) Regulations 1976 provide for the termination of a consumer credit licence upon the occurrence of certain specified events.\nThese Regulations amend the above Regulations and provide for an additional terminating event. They make it clear that a licence can be voluntarily relinquished by the licensee and can terminate upon receipt by the Director General of Fair Trading of a notice in writing. The Regulations provide that such termination of the licence will be deferred for one month after the terminating event.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/1981/614/note",
    "retrieved_at": "2026-10-29T18:40:00.980968+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}