http://www.legislation.gov.uk/ukpga/1974/39/section/21/2013-01-01Consumer Credit Act 1974An Act to establish for the protection of consumers a new system, administered by the Director General of Fair Trading, of licensing and other control of traders concerned with the provision of credit, or the supply of goods on hire or hire-purchase, and their transactions, in place of the present enactments regulating moneylenders, pawnbrokers and hire-purchase traders and their transactions; and for related matters.1978-09-30texttext/xmlenStatute Law Database2025-07-22Expert Participation2013-01-01 Consumer Credit Act 1974s. 25(2A)(b) (ia)Financial Services Act 2010Sch. 2 para. 36s. 26(3) Part III 211Subject to this section, a licence is required to carry on a consumer credit business or a consumer hire business or an ancillary credit business .2A local authority does not need a licence to carry on a business.3A body corporate empowered by a public general Act naming it to carry on a business does not need a licence to do so.S. 21 restricted (1.1.1993) by S.I. 1992/3218, reg. 5(1)(c)S. 21 excluded (1.1.1996) by S.I. 1995/3275, reg. 5(1)(b)S. 21 excluded (1.12.2001) by 2000 c. 8, ss. 31(1)(b), 37, Sch. 3 Pt. II para. 15(3); S.I. 2001/3538, art. 2(1)S. 21 restricted (1.11.2009) by The Payment Services Regulations 2009 (S.I. 2009/209), regs. 1(2)(c), 26(2) (with reg. 3)S. 21 excluded (9.2.2011 for specified purposes and otherwise 30.4.2011) by The Electronic Money Regulations 2011 (S.I. 2011/99), reg. 31(2) (with reg. 3)Words in s. 21(1) substituted (6.4.2008) by Consumer Credit Act 2006 (c. 14), ss. {33(1)}, 71(2); S.I. 2007/3300, art. 3(2), Sch. 2