Section 111 — Credit Contracts and Consumer Finance Act 2003: Role and functions of Commission under this Act

111 Role and functions of Commission under this Act (1) The role of the Commission under this Act is to promote compliance with this Act. (2) The functions of the Commission, in relation to this Act, are to— (a) monitor trade practices in credit markets, consumer lease markets, and buy-back transaction markets; and (b) take prosecutions in relation to breaches of this Act; and (c) take civil proceedings under this Act (including proceedings under Part 5 ); and (d) make available appropriate information for the guidance of consumers, creditors, lessors, transferees, and other interested persons in relation to promoting compliance with this Act. (3) Nothing in this Act imposes on the Commission any duty or obligation to take any proceedings under this Act or to exercise any power conferred by this Act in respect of any particular person.