Consumer Credit Act 1974 General Notice no: 1142


I, Ray Watson, Director of the Consumer Credit Group in the Office of Fair Trading (“the OFT”) and a member of the OFT’s staff, being authorised in that behalf in writing by the OFT pursuant to paragraph

12 of Schedule 1 to the Enterprise Act 2002, hereby give general notice pursuant to section 29(6) of the Consumer Credit Act 1974 that the group licence issued to the Institute of Chartered Accountants in

Ireland, Chartered Accountants House, 47-49 Pearse Street, Dublin 2

(“the Institute”), has been renewed by the OFT on application by the


The group licence is in respect of all Members and Affiliates of the

Institute and other persons who, under regulations made by the

Institute, are subject to the obligations and liabilities of a Member of the Institute, to carry on the business of: A Consumer Credit

C Credit Brokerage

D Debt-Adjusting

E Debt-Counselling

G Debt Administration

H1 Provision of credit information services (including credit repair)

limited to activities arising in the course of the practice of accountancy or acting as an insolvency practitioner carried on within the United

Kingdom by such Member, Affiliate or other person:

(a) as a sole practitioner; or

(b) in partnership or a corporate practice with others who:

(i) hold the like qualification, or

(ii) hold a qualification authorising such activities under any other group licence issued by the Office of Fair Trading, or

(iii) together comprise a practice which, under regulations made by the Institute, is registered to carry on audit work, licensed for a range of investment business activities, or permitted to describe itself as

“Chartered Accountants”.

The group licence is valid for a period of 5 years until and including

2 August 2014.

Office of Fair Trading

Fleetbank House

2-6 Salisbury Square

London EC4Y 8JX

Ray Watson, Director

Consumer Credit Group

Office of Fair Trading

Date of issue: 26 November 2010



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