Consumer Rights Bill — Report (3rd Day) — 26 Nov 2014 at 16:36
Amendment 47
Moved by The Lord Bishop of Birmingham
47: After Clause 86, insert the following new Clause-
“High-cost short-term consumer credit market regulations
(1) Within six months of the passing of this Act, the Secretary of State must by regulations made by statutory instrument direct a designated body to prohibit public communications, including promotional material and any promotional activities, which concern a high cost consumer credit service from targeting people below the age of 18, including by regulating the content and timing of such communications with a view to protecting children and other vulnerable persons from harm or exploitation.
(2) In subsection (1), “designated body” means a body specified by the Secretary of State in regulations made under that subsection.
(3) A statutory instrument containing regulations under subsection (1) may not be made unless a draft of the instrument has been laid before and approved by a resolution of each House of Parliament.”
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