Clause 34 - DEFINITE AND INDEFINITE LICENCES
Consumer Credit Bill
9:25 am
Mr Laurence Robertson (Shadow Minister, Economic Affairs; Tewkesbury, Conservative)
The OFT may give reasons, but I do not know that it is required to do so. The Minister referred to the 1974 Act, which requires the OFT to give reasons. However, the Act does not refer to open-ended licences as they did not exist in 1974; the Bill will introduce them. My amendment is desirable for technical reasons, but on this occasion I shall not press it to a Division.