Consumer Credit Act 2025 · Updated to 31 Dec 2025 · Part V · Licensing and Registration
58. Application for registration
Feedback & supportA person intending to carry on a credit service business as set out in paragraph 3 of Schedule 4 shall submit an application to the Commission.
person
“person” includes an individual, any sole proprietorship, corporation, statutory body, local authority, society, trade union, co-operative society, partnership and any other body, organization, association or group of persons, whether corporate or unincorporate;
The application under subsection (1) shall be—
made to the Commission in such form and manner as may be specified by the Commission; and
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accompanied by payment of the prescribed fee and such information, particulars or document as may be specified by the Commission.
The Commission may at any time after the receipt of an application under subsection (1)—
Commission
“Commission” means the Consumer Credit Commission established under section 6;
conduct such inquiry as it may deem necessary, including conducting financial, professional, criminal or other background checks on the applicant and controller, directors and senior management of the applicant; and
by a written notice require the applicant to furnish it with such document or information as the Commission deems necessary in relation to the application.
Where any additional document or information required under paragraph (3)(b) is not provided by the applicant within the period specified in the written notice or any extension of time granted by the Commission—
document
“document” has the meaning assigned to it in section 3 of the Evidence Act 1950, and includes books as defined in the Companies Act 2016 and documents of title to assets;
the application shall not be further proceeded with, but without affecting the right of the applicant to make a fresh application; and
there shall be no refund of the fee paid by the applicant.
Where an applicant withdraws an application submitted under subsection (2)—
it shall not affect the right of the applicant to make a fresh application after a period as may be specified by the Commission; and
there shall be no refund of the fee paid by the applicant.
Upon receipt of an application and payment of fee and submission of information, particulars or document under subsection (2) and any additional document or information provided under paragraph (3)(b), the Commission may consider such application.
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credit
“credit” means any arrangement, agreement or facility as set out in subsection 5(2);
A registered credit service provider intending to carry on a subsequent credit service business as set out in paragraph 3 of
credit service provider
“credit service provider” means a person who carries on a credit service business where the person— (a) is registered under Part V of this Act; (b) is registered to do so under the Capital Markets and Services Act 2007; or (c) is a permit holder under the Hire-Purchase Act 1967;
Schedule 4 shall submit another application to the Commission in accordance with this section.