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Status: You are viewing the version of the handbook as on 2005-06-30.

CRED 15 Annex 2 Enforcement Powers

G

This table gives the main location in the Enforcement manual where guidance appears on the powers referred to in the Act and the Unfair Terms Regulations1 list below. This is an edited version of the table given at ENF 1 Annex 1

SUBJECT

PART AND SECTION OF THE ACT

ENFORCEMENT MANUAL LOCATION

VARIATION AND CANCELLATION OF PERMISSIONAND WITHDRAWAL OFAUTHORISATIONOFCREDIT UNIONS

Duty to withdraw authorisation

Part III, s. 33

ENF 5

Variation and cancellation on the FSA's own initiative

Part IV, s. 45

ENF 3 (Variation), ENF 5 (Cancellation)

Prohibitions and restrictions

Part IV, s. 48

ENF 3.3.10

PROHIBITION OF INDIVIDUALS

Power to make a prohibition order

Part V, s. 56

ENF 8

WITHDRAWAL OF APPROVAL FROMAPPROVED PERSONS

Power to withdraw approval from approved persons of credit unions

Part V, s. 63

ENF 7

DISCIPLINARY POWERS AGAINSTAPPROVED PERSONS

Public statements of misconduct

Part V, s. 66

ENF 11 and ENF 12

Financial penalties

Part V, s. 66

ENF 11 and ENF 13

INFORMATION GATHERING AND INVESTIGATION POWERS

Power to require information from credit unions

Part XI, s. 165

ENF 2.3.2 G - ENF 2.3.7 G

Power to require credit unions to provide a report by a skilled person

Part XI, s. 166

ENF 2.3.8 G - ENF 2.3.11 G

Power to appoint persons to carry out general investigations into credit unions

Part XI, s. 167

ENF 2.3.12 G - ENF 2.3.13 G

Power to appoint persons to carry out investigations in particular cases involving a person or a credit union

Part XI, s. 168

ENF 2.3.14 G - ENF 2.3.15 G

Powers of investigation appointed under s. 167

Part XI, s. 171

ENF 2.4.2 G - ENF 2.4.5 G and ENF 2.4.10 G - ENF 2.4.12 G

Additional powers of investigators appointed as a result of s. 168 (1) or (4)

Part XI, s. 172

ENF 2.4.6 G -ENF 2.4.7 G and ENF 2.4.10 G - ENF 2.4.12 G

Powers of investigators appointed as a result of s. 168 (2)

Part XI, s. 173

ENF 2.4.8 G and ENF 2.4.10 G - ENF 2.4.12 G

Information and documents: supplemental provisions relating to investigators appointed under s. 167 or s. 168

Part XI, s. 175

ENF 2.4.10 G - ENF 2.4.12 G

Entry of premises under warrant

Part XI, s. 176

ENF 2.15.1 G - ENF 2.15.4 G

DISCIPLINARY POWERS AGAINST CREDIT UNION

Public censure

Part XIV, s. 205

ENF 12

Financial penalties

Part XIV, s. 206

ENF 13

DISQUALIFICATION OF AUDITORS APPOINTED BYCREDIT UNIONS

Disqualification of auditors for failure to comply with a duty imposed under the Act

Part XXII, s. 345

ENF 17

ORDERS AGAINST DEBT AVOIDANCE

Provisions against debt avoidance: the right to apply for an order

Part XXIV, s. 375

ENF 10.9 and ENF 10.10

INJUNCTIONSAGAINSTPERSONS

Injunctions for breach of a relevant requirement

Part XXV, s. 380

ENF 6.3, ENF 6.5 and ENF 6.6

RESTITUTION

Power to apply to court for a restitution order

Part XXV, s. 382

ENF 9

Power to require restitution

Part XXV, s. 402

ENF 9

PROSECUTION OF CRIMINAL OFFENCES

Power to prosecute offences under the Act and subordinate legislation

Part XXVII, s. 401

ENF 15

Power to prosecute other offences

Part XXVII, s. 402

ENF 15

1UNFAIR TERMS REGULATIONS

1Power to seek injunctions under the Unfair Terms Regulations.

N/A

ENF 20 (Unfair terms in consumer contracts)