{
  "url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-partly-completed-procedures-order-2001/article-24",
  "json_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-partly-completed-procedures-order-2001/article-24.json",
  "legislation": "uksi/2001/3592",
  "legislation_title": "The Financial Services and Markets Act 2000 (Transitional Provisions) (Partly Completed Procedures) Order 2001",
  "legislation_url": "https://openlegislation.uk/financial-services-and-markets-act-2000-transitional-provisions-partly-completed-procedures-order-2001",
  "path": "article/24",
  "kind": "article",
  "number": "24",
  "heading": "Notice by the Director General of Fair Trading of intention to impose a prohibition etc. under the ISD Regulations or 2BCD Regulations",
  "text": "(1) Where, before commencement—\n(a) the Director General of Fair Trading (“the Director”) has given a notice pursuant to paragraph 2(2) of Schedule 5 to the ISD Regulations or to the 2BCD Regulations of his intention to impose a prohibition;\n(b) the appeal period (as defined for the purposes of that paragraph) has not expired; and\n(c) no appeal has been lodged pursuant to section 41 of the Consumer Credit Act 1974 (as applied by paragraph 5 of Schedule 5 to the ISD Regulations or the 2BCD Regulations),\nthe notice has effect as a notice under paragraph 2(2) of Schedule 16 that the Director proposes to impose a prohibition under section 203.\n(2) Where a notice has effect as described in paragraph (1) the Director must, in considering whether to impose a prohibition under section 203, consider any representations made pursuant to paragraph 4 of Schedule 5 to the ISD Regulations or to the 2BCD Regulations (as the case may be).\n(3) Where, before commencement—\n(a) the Director has given a notice pursuant to paragraph 2(2) of Schedule 5 to the ISD Regulations or the 2BCD Regulations of his intention to impose or vary a restriction;\n(b) the appeal period (as defined for the purposes of that paragraph) has not expired; and\n(c) no appeal has been lodged pursuant to section 41 of the Consumer Credit Act 1974 (as applied by paragraph 5 of Schedule 5 to the ISD Regulations or the 2BCD Regulations),\nthe notice has effect as a notice under paragraph 2(2) of Schedule 16 that the Director proposes to impose or vary a restriction (as the case may be) under section 204.\n(4) Where a notice has effect as described in paragraph (3), the Director must, in considering whether to impose or vary a restriction under section 204, consider any representations made pursuant to paragraph 4 of Schedule 5 to the ISD Regulations or the 2BCD Regulations (as the case may be).",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "I",
      "label": "I1",
      "text": "Art. 24 in force at 1.12.2001, see art. 1(2)"
    },
    {
      "type": "footnote",
      "label": "f1",
      "text": "1974 c. 39."
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/3592/article/24",
    "retrieved_at": "2026-10-29T07:26:00.108552+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."
}