Legal Notices

Restructuring and Insolvency - consumer credit licence

With effect from 1 April 2014, all Insolvency Practitioners, while acting as Insolvency Practitioners, are excluded from the Consumer Credit Licensing regime in respect of the activities of:

  • debt adjusting;
  • debt counselling;
  • debt collecting;
  • debt administration; and
  • providing credit information services

A similar exclusion applies when an insolvency practitioner is acting in ‘reasonable contemplation of appointment’.  In this case, the relevant activities are:

  • debt adjusting
  • debt counselling; and
  • providing credit information services

Note: The exclusions highlighted above also apply to staff working for the Insolvency Practitioner.

Get in touch
with Leonard Curtis

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.