Credit Cards (Price Discrimination) Order 1990
| Jurisdiction | UK Non-devolved |
| Citation | SI 1990/2159 |
| Year | 1990 |
1990No. 2159
MONOPOLIES AND MERGERS
The Credit Cards (Price Discrimination) Order 1990
31stOctober1990
1stNovember1990
28thFebruary1991
Whereas the Secretary of State, in accordance with section 91(2) of the Fair Trading Act 1973( a), published on 25th April 1990 a notice stating his intention to make this Order, indicating the nature of the provisions to be embodied in it and stating that any person whose interests were likely to be affected by it and who was desirous of making representations in respect of it should do so in writing before 31st May 1990;
And whereas the Secretary of State has considered the representations made to him in accordance with that notice:
Now, therefore, the Secretary of State, being the appropriate Minister within the meaning of section 56 of the said Act, in exercise of the powers conferred by sections 56(2) and 90(2), (3) and (4) of, and paragraphs 1 and 2 of Schedule 8 to, the said Act, and for the purpose of remedying or preventing adverse effects specified in a report of the Monopolies and Mergers Commission entitled "Credit Card Services--a report on the supply of credit card services in the United Kingdom"( b), hereby makes the following Order:--
Citation and Commencement
1. This Order may be cited as the Credit Cards (Price Discrimination) Order 1990 and shall come into force on 28th February 1991.
Interpretation
2.--(1) In this Order--
"credit card" means a payment card the holder of which is permitted under his contract with the issuer of the card to discharge less than the whole of any outstanding balance on his payment card account on or before the expiry of a specified period (subject to any contractual requirements with respect to minimum or fixed amounts of payment), other than:
(a) a payment card issued with respect to the purchase of the goods, services, accommodation or facilities of only one supplier or of suppliers who are members of a single group of interconnected bodies corporate( c) or who trade under a common name,(b) a payment card with respect to which the payment card account is a current account, or(c) a trading check;"credit card transaction" means a transaction under which goods, services, accommodation or facilities are supplied on the production in the United Kingdom of:
(a) a credit card, or(b) any other type of payment card which:(a) 1973 c.41.
(b) Cm 718.
(c) See section 137(5) of the Fair Trading Act 1973 for the definition of " group of interconnected bodies corporate".
(i) bears a trade mark or service mark...To continue reading
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