108 Suspension of licences under Part 3 of Consumer Credit Act 1974
Financial Services Act 2012 (2012 c 21) | Legislation

108  Suspension of licences under Part 3 of Consumer Credit Act 1974

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

(2)     In section 32 (suspension or revocation)—

(a)     in subsection (1), omit “or suspended”,

(b)     in subsection (2)—

(i)     in paragraph (a), omit “, as the case may be,” and “, or suspend it until a specified date or indefinitely,”, and

(ii)     in paragraph (b), omit “or suspension” and “or suspend”,

(c)     in subsection (3)—

(i)     in paragraph (a), omit “, as the case may be,” and “, or suspend it until a specified date or indefinitely,”, and

(ii)     in paragraph (b), omit “or suspension”,

(d)     in subsection (4)—

(i)     in paragraph (a), omit “, as the case may be,” and “, or suspend it until a specified date or indefinitely,”, and

(ii)     in paragraph (b), omit “or suspension”,

(e)     in subsections (6) and (7), omit “or suspension”,

(f)     omit subsection (8),

(g)     in subsection (9), omit “or to suspend”, and

(h)     in the heading, omit “Suspension and”.

(3)     After section 32 insert—

“32A Power to suspend licence

(1)     If during the currency of a licence it appears to the OFT to be urgently

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