Explanatory Notes

Consumer Credit Act 2006

2006 CHAPTER 14

30 March 2006

Miscellaneous

Section 62: Monitoring of businesses by OFT

104.Section 1 of the 1974 Act sets out the general functions of OFT under the 1974 Act. Section 62 amends that section to impose a general duty on OFT to monitor businesses being carried on under licences issued under the 1974 Act.