SCHEDULESF2

C1C2SCHEDULE 17 The Ombudsman Scheme

Annotations:
Modifications etc. (not altering text)
C1

Sch. 17 applied (1.5.2009 for certain purposes and 1.11.2009 otherwise) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2), 125 (with reg. 3)

F1Part 3AThe consumer credit jurisdiction

Annotations:
Amendments (Textual)

Consultation

16G

1

If the scheme operator proposes to make consumer credit rules, it must publish a draft of the proposed rules in the way appearing to it to be best calculated to bring the draft to the attention of the public.

2

The draft must be accompanied by—

a

an explanation of the proposed rules; and

b

a statement that representations about the proposals may be made to the scheme operator within a specified time.

3

Before making any consumer credit rules, the scheme operator must have regard to any representations made to it in accordance with sub-paragraph (2)(b).

4

If consumer credit rules made by the scheme operator differ from the draft published under sub-paragraph (1) in a way which the scheme operator considers significant, the scheme operator must publish a statement of the difference.