Home FCA Handbook SUP SUP 8A SUP 8A.1 Application, purpose and interpretation
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SUP 8A.1 Application, purpose and interpretation

01/04/2014D

This chapter applies to every firm which:

  1. (1)

    is subject to the requirements as to the form and content of regulated agreements under the Consumer Credit (Agreements) Regulations 1983 (SI 1983/1553) and the Consumer Credit (Agreements) Regulations (SI 2010/1014) made under section 60(1) of the CCA that wishes to apply for a direction from the FCA waiving or varying those requirements;

  2. (2)

    is subject to the requirement under section 64(1)(b) of the CCA to send debtors or hirers a notice of their rights to cancel a cancellable agreement within the seven days following the making of that agreement that wishes to apply for a determination by the FCA that that requirement can be dispensed with; and

  3. (3)

    wishes to apply for a direction from the FCA that the hirer's rights to terminate a regulated consumer hire agreement under section 101 of the CCA do not apply to regulated consumer hire agreements made by that firm.

01/04/2014G

This chapter explains how the regime works for obtaining:

  1. (1)

    a direction from the FCA waiving or varying the requirements as to the form and content of regulated agreements under the Consumer Credit (Agreements) Regulations 1983 (SI 1983/1553) and the Consumer Credit (Agreements) Regulations (SI 2010/1014) made under section 60(1) of the CCA;

  2. (2)

    a determination by the FCA that the requirement under section 64(1)(b) of the CCA to send debtors or hirers a notice of their rights to cancel a cancellable agreement within the seven days following the making of that agreement can be dispensed with; and

  3. (3)

    a direction from the FCA that the hirer's rights to terminate a regulated consumer hire agreement under section 101 of the CCA do not apply to regulated consumer hire agreements made by the relevant firm.

01/04/2014G

Unless italicised, and except where the contrary intention appears, expressions used in this chapter have the same respective meanings as in the CCA.