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Consumer Credit Act 1974

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This is the original version (as it was originally enacted).

1General functions of Director

(1)It is the duty of the Director General of Fair Trading (" the Director ")—

(a)to administer the licensing system set up by this Act,

(b)to exercise the adjudicating functions conferred on him by this Act in relation to the issue, renewal, variation, suspension and revocation of licences, and other matters,

(c)generally to superintend the working and enforcement of this Act, and regulations made under it, and

(d)where necessary or expedient, himself to take steps to enforce this Act, and regulations so made.

(2)It is the duty of the Director, so far as appears to him to be practicable and having regard both to the national interest and the interests of persons carrying on businesses to which this Act applies and their customers, to keep under review and from time to time advise the Secretary of State about—

(a)social and commercial developments in the United Kingdom and elsewhere relating to the provision of credit or bailment or (in Scotland) hiring of goods to individuals, and related activities ; and

(b)the working and enforcement of this Act and orders and regulations made under it.

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