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consumer credit activity

28849any one of the following activities carried on by a licensee,84291 firm ,123292 payment service provider 84 291 or electronic money issuer:123292

  1. (a) providing credit or otherwise being a creditor under a regulated consumer credit agreement;
  2. (b) the bailment or (in Scotland) the hiring of goods or otherwise being an owner under a regulated consumer hire agreement;
  3. (c) credit brokerage in so far as it is the effecting of introductions of:
    1. (i) individuals desiring to obtain credit to persons carrying on a consumer credit business; or
    2. (ii) individuals desiring to obtain goods on hire to persons carrying on a consumer hire business;
  4. (d) in so far as they relate to regulated consumer credit agreements or regulated consumer hire agreements:
    1. (i) debt-adjusting;
    2. (ii) debt-counselling;
    3. (iii) debt-collecting; or
    4. (iv) debt administration;
  5. (e) the provision of credit information services; or
  6. (f) the operation of a credit reference agency;

where at the time of the act or omission complained of:

  1. (g) the licensee84291,84291 firm ,123292 payment service provider or electronic money issuer123292 was:84291
    1. (i) covered by a standard licence under the Consumer Credit Act 1974 (as amended); or
    2. (ii) authorised to carry on an activity by virtue of section 34(A) of that Act; 84291or 84291
    3. 84291(iii) in accordance with regulation 26(2) of the Payment Services Regulations or regulation 31 of the Electronic Money Regulations,123292 was not required to hold a licence for consumer credit business under section 21 of the Consumer Credit Act 1974; and
  2. (h) the activity was carried on in the course of a business of a type specified in accordance with section 226A(2)(e) of the Act:

and expressions used in the Consumer Credit Act 1974 (as amended) have the same meaning in this definition as they have in that Act.